SJVN shares climb 5% despite Q1 profit slump, boosted by revenue growth
rose 5% to Rs 97.64 during Tuesday's trading session, defying a sharp decline in the company's June quarter
net profit
.
The rally came despite a 36% year-on-year drop in consolidated net profit, which fell to Rs 227.8 crore from Rs 357 crore in the same quarter last year.
Interestingly, investors appeared to react more positively to the company's revenue performance. Revenue from operations grew 5.4% year-on-year to Rs 917.5 crore, compared to Rs 870.4 crore in the corresponding quarter of the previous year.
The stock's gain suggests that the market may be focusing on the company's top-line growth and possibly pricing in expectations of a recovery in profitability in the coming quarters.
Technical indicators and price action
Over the past month, SJVN's stock has remained largely flat, recording a modest gain of just 1%. The stock has been trading between its 52-week low of Rs 80.50 and its 52-week high of Rs 148.85, indicating a wide trading range and past volatility.
The 14-day Relative Strength Index (RSI) for SJVN stands at 39.6, placing the stock in neutral to slightly oversold territory.
RSI
is a momentum indicator used to gauge whether a stock is overbought or oversold. Readings below 30 suggest oversold conditions (potential buying opportunity), while readings above 70 indicate overbought levels. With an RSI near 40, there's no clear reversal signal, but it suggests the stock may be stabilizing after a dip.
On the moving averages front, SJVN is trading above seven of its eight key simple moving averages (
SMAs
) from the 5-day to the 150-day indicating a short- to mid-term bullish trend. However, it remains below the 200-day SMA, which signals the longer-term trend. A move above the 200-day could further strengthen the bullish outlook.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
18 minutes ago
- Economic Times
Made-in-India chips to hit market by 2025-end for first time, says PM Modi
Synopsis Prime Minister Modi announced India's first indigenous semiconductor chip will launch by year-end, highlighting the nation's push for self-reliance in this vital sector. Six units are operational, with four newly approved plants across Odisha, Andhra Pradesh, and Punjab. These projects signify a mission-mode approach to semiconductor development, aiming for rapid growth and technological independence after decades of stagnation. Agencies PM Modi on Friday announced that India's first fully made-in-India semiconductor chip will hit the market by the end of this year. Speaking during his 79th Independence Day address from the Red Fort, the prime minister said six semiconductor units are already operational, while four new units have received government approval. 'By the end of this year, made in India, made by the people of India, made in India chips will come to the market,' he said, highlighting the country's push to achieve self-reliance in this critical technology sector. Read Also | Independence Day 2025: From slashing GST to 'Sudarshan Chakra' defence system; here are highlights from PM Modi's speech"My dear youth, you will be surprised to know that today, the semiconductor, which has become the strength of the world, 50-60 years ago, that thought process, those files, got stuck. They got stuck. The thought process of the semiconductor itself was foeticide 50-60 years ago. It lost 50-60 years. After us, many countries, in semiconductors, today, have mastered the technology and consolidated their power," he vital components for devices ranging from mobile phones and computers to electric vehicles and home appliances, are expected to see India's market grow from $45-50 billion in 2024-25 to $100-110 billion by 2030, according to industry estimates. The PM recalled that India's semiconductor journey started over 50 years ago but remained stalled for decades while other countries dominated the industry. 'The thought process for semiconductors existed 50-60 years ago, but the files got stuck. Today, several countries have mastered the technology and consolidated their power,' he said, urging the youth to learn from this Also | PM Viksit Bharat Rozgaar Yojana: PM Modi announces Rs 1 lakh crore scheme for youth in Independence Day 2025 Speech He noted that the government is no longer burdened by the past and is pursuing semiconductors in a mission mode, focusing on rapid growth and technological independence. The Union Cabinet recently approved four new semiconductor plants with a total investment of Rs 4,594 crore across Odisha, Andhra Pradesh, and Punjab. Read Also | Next-gen GST reforms by Diwali, will reduce tax on every day use items: PM Modi Notable projects include: A 3D glass semiconductor packaging unit by 3D Glass Solutions Inc backed by Intel, Lockheed Martin, and Applied Materials, with a production capacity of 5 crore units annually. India's first commercial silicon carbide (SiC) fabrication unit by SiCsem in Bhubaneswar, capable of producing 9.6 crore chips per year. A chip packaging plant by Advanced System in Package Technologies in Andhra Pradesh, with an annual capacity of 9.6 crore units. A semiconductor project by CDIL in Punjab with an annual output of 15.8 crore units.
Indian Express
20 minutes ago
- Indian Express
NIT Durgapur Vs IIIT Kalyani for ECE: Which one will you choose?
NIT Durgapur Vs IIIT Kalyani for ECE: When it comes to pursuing Electronics and Communication Engineering (ECE), the institute a student chooses isn't just about rankings — it's about the environment that will shape their thinking, challenge their potential, and open doors to innovation. In this article, on one side, we have NIT Durgapur and on the other hand, IIIT Kalyani. Let's dive into the details — academics, opportunities, placement, and recruiters — to help you make a choice that's not just smart, but right for you. NIT Durgapur The National Institute of Technology (NIT) Durgapur, earlier established as the Regional Engineering College, Durgapur (REC Durgapur), is a public technical university located in Durgapur, West Bengal. Founded in 1960, it stands among the oldest and most respected engineering institutions in India. In 2003, the institute was conferred Deemed University status by the University Grants Commission (UGC) and the All India Council for Technical Education (AICTE). With this transition, it was officially renamed NIT Durgapur and began awarding degrees under its own name. NIT Warangal Vs IIIT Tiruchirappalli for ECE IIIT Kalyani In 2014, IIIT Kalyani was founded through a Memorandum of Understanding (MoU) signed by the Government of India, the Government of West Bengal, and key industry collaborators — Coal India Limited, Rolta Foundation, and Webel — under the Public-Private Partnership (PPP) model. Just three years later, in 2017, the institute was granted the prestigious status of an Institute of National Importance, marking a significant milestone in its journey toward academic excellence. NIT Durgapur For the academic year 2025–2026, the National Institute of Technology Durgapur has outlined its semester-wise fee structure for undergraduate programs, including Dual Degree, and Integrated Students enrolled in and Dual Degree programmes are required to pay Rs 62,500 as tuition fees per semester. In the first semester, additional one-time charges include an admission fee of Rs 3,500, institute caution money of Rs 10,000 (refundable), convocation fee of Rs 1,000, and alumni activity fee of Rs 1,000. Recurring semester-wise charges include institute development fee (Rs 2,000), training and placement fee (Rs 1,500), laboratory fee (Rs 2,000), library charge (Rs 1,200), computing and internet charge (Rs 3,000), examination fee (Rs 1,200), electricity and water charges (Rs 1,700), student activity fund (Rs 2,500), and insurance and health care (Rs 1,500). NIT Trichy Vs IIIT Hyderabad in CSE IIIT Kalyani For the BTech programme at IIIT Kalyani, the total fee for the first semester is Rs 1,04,120. This includes tuition fees, admission charges, and other institutional costs. Students are required to pay this amount after deducting any payments already made to JoSAA or CSAB (excluding processing charges). The fee covers academic services, campus facilities, and student support systems. Hostel and mess charges are separate and must be paid individually through the institute's payment portal. All payments are to be made online. NIT Durgapur NIT Durgapur has experienced a slight decline in its overall standing according to the NIRF rankings. In the 2024 overall category, the institute dropped three places, moving from its previous position to rank 93. Similarly, in the engineering category, it slipped one spot, settling at rank 44. NITK Surathkal Vs IIIT Pune for CSE IIIT Kalyani Meanwhile, in the overall category, IIIT Kalyani did not appear in the 2024 list under the overall category. The Institute does not rank under the research, engineering or architecture category of the NIRF 2024 rankings. NIT Durgapur During the 2021–2023 academic cycle, students from the BTech Electronics and Communication Engineering (ECE) department at NIT Durgapur secured internships with several top-tier companies. Notable recruiters included Intel, which offered internships to 4 students; AMD, with 5 interns; ARM, which selected 2 students; ST Microelectronics, which took in 3; and Qualcomm, MediaTek, and Bosch, each offering internships to one student. NIT Rourkela Vs IIIT Kalyani for ECE IIIT Kalyani The placement statistics for the 2024–25 saw the highest package of Rs 44 LPA. The average package for the current batch stands at Rs 9.27 LPA, showing a slight dip from Rs 10.7 LPA in 2023–24, while the median package is Rs 9 LPA. Out of 144 registered students, 132 have secured placements, resulting in an impressive 91.66 per cent placement rate, with 63 placed on campus and 69 off campus. The placement brochure for the 2026 batch of IIIT Kalyani shows a list of recruiters across diverse sectors like Amazon, Google, Microsoft, NVIDIA, Qualcomm, Adobe, Deloitte, Goldman Sachs, AlphaGrep, and iRageBroking. NIT Durgapur In the Institute, the first and second semesters are same for all the engineering courses. Beyond BTech, there are various courses like BioTechnology, chemical engineering, civil engineering, computer and science engineering, electrical engineering, ECE, mechanical, metallurgical engineering, information technology, among others. IIIT Kalyani On the other hand, IIIT Kalyani has two programmes in engineering, ECE and CSE. It has an MTech course in AI and data science, and in advanced communication systems and signal processing.
New Indian Express
20 minutes ago
- New Indian Express
In four months, skywalk to link Vadapalani metro stations
CHENNAI: Chennai Metro Rail Limited (CMRL) has awarded a Rs 8.1 crore contract to construct a skywalk linking the Phase-I Vadapalani Metro station with the similarly named Phase-II station in the same area. The project, to be executed by Kousic & Co, is scheduled for completion within four months. Once operational, the fare-controlled walkway will allow commuters to move directly between the two stations without exiting and re-entering ticketed areas - eliminating the need for additional fares or detours, according to T Archunan, CMRL's director for projects. He said the link would shorten transfer times, reduce congestion and offer weather-protected access, addressing one of the key pain points for Chennai's growing metro ridership. 'This will provide seamless connectivity between the two corridors, improving convenience for thousands of passengers every day,' he added. The contract was signed in the presence of Archunan, alongside senior officials including S Ashok Kumar, D Jebaselwin Gladson and Rekha Prakash.
