Key Points of JSW Energy NCDs Issuance for Fundraising:
- JSW Energy authorized a private offering of 25,000 non-convertible debentures (NCD) to raise ₹250 crore with a fixed tenure of 2 years 11 months and 26 days.
- The NCD has a coupon rate of 8.45% and is set to mature on March 13, 2026, with scheduled payment of coupon/interest on March 15, 2024, March 17, 2025, and March 13, 2026.
- JSW Energy is one of India’s top private power producers with a market valuation of ₹42,136 Cr.
- Despite a 44.6% fall in net profit from Q3 FY22 to Q3 FY23, JSW Energy’s net sales have increased by 18% YoY during the same period.
- JSW Energy’s earnings per share (EPS) have plummeted from Rs. 1.95 in December 2021 to Rs. 1.09 in December 2022.
- On March 15, 2023, JSW Energy’s shares closed at ₹254.90 apiece level, up by 1.74% from the previous close of ₹250.55.
- According to A R Ramachandran, JSW Energy’s stock has major support at 242.7 on the Daily charts and needs to close above the immediate resistance of 262.4 to move up to 277-295 in the near term.
- JSW Energy’s stock has fallen 17.12% in the last year, but it has fallen 13.17% on a YTD basis so far in 2023.
Details of JSW Energy NCDs Issuance for Fundraising:
JSW Energy, one of India’s top private power producers with a market valuation of ₹42,136 Cr, has recently authorized the private offering of 25,000 non-convertible debentures (NCD) to raise ₹250 crore. The NCD, with a fixed tenure of 2 years 11 months and 26 days and a coupon rate of 8.45%, has been allotted on March 15, 2023, and is set to mature on March 13, 2026. The company has scheduled the payment of coupon/interest on March 15, 2024, March 17, 2025, and March 13, 2026.
Despite a 44.6% fall in net profit from ₹323.93 crore in Q3 FY22 to ₹179.61 crore in Q3 FY23, JSW Energy’s net sales have increased by 18% YoY from ₹1,905.16 crore to ₹2,248.09 crore during the same period. However, its earnings per share (EPS) have plummeted from Rs. 1.95 in December 2021 to Rs. 1.09 in December 2022.
On March 15, 2023, JSW Energy’s shares closed at ₹254.90 apiece level, up by 1.74% from the previous close of ₹250.55. The stock has recorded a total volume average of 17,48,338 shares, compared to the 20-Day average volume of 22,72,086 shares. While the stock has fallen 17.12% in the last year, it has fallen 13.17% on a YTD basis so far in 2023.
According to A R Ramachandran, Co-founder & Trainer at Tips2trades, JSW Energy’s stock has major support at 242.7 on the Daily charts and needs to close above the immediate resistance of 262.4 to move up to 277-295 in the near term.
About JSW Energy:
JSW Energy, a power company based in India, is involved in the generation, transmission, and trading of electricity. The company operates as a division of JSW Group and in 2015, it purchased two hydropower facilities from Jaypee Group. These plants have a total capacity of 1,391 MW and were acquired for ₹9,700 crore.
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