SJVN hits new high on strong order inflows; stock surges 37% in one week

Shares of SJVN hit a new high of Rs 62.75, as they rallied 10 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes on strong order inflows. In past one week, the stock of state-owned power generation company has surged 37 per cent after bagging multiple orders. In comparison, the S&P BSE Sensex was down 1 per cent during the same period.

At 10:05 AM; SJVN quoted 7 per cent higher at Rs 60.97 on back of two-fold jump in average trading volumes. A combined 63.29 million equity shares had changed hands on the NSE and BSE.