SJVN soars 11% on commissioning 75 MW solar power project in Uttar Pradesh
Shares of SJVN hit an over four-year high of Rs 36.55 as they soared 11 per cent on the BSE in Thursday’s intra-day trade on the back of heavy volumes after the company commissioned 75 MW solar power project in Uttar Pradesh (UP).
The stock of state-owned electric utilities company traded at its highest level since February 2018. It surpassed its previous high of Rs 33.95, which it touched on October 6, 2022. The stock was trading closer to its record high of Rs 40.15, hit on January 5, 2018.
At 03:22 PM, SJVN traded 10 per cent higher at Rs 36.25, as compared to 0.44 per cent rise in the S&P BSE Sensex. The average trading volumes at the counter jumped an over eight-fold, with a combined around 31 million shares changing hands on the NSE and BSE.
