SJVN share are down by -0.3%, Nifty down by -0.07%

At 05 Sep 11:06 today, SJVN shares are trading at price ₹133.25, -0.3% down from the previous closing price. Sensex is trading at ₹82256.64, down by -0.12%. The stock has hit a high of ₹134.45 and a low of ₹132.9 during the day.

On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at 5,10,20,50,100 days SMA.

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹134.81, ₹135.75, & ₹136.81, whereas it has key support levels at ₹132.81, ₹131.75, & ₹130.81.

Till 11 AM today, the volume traded on NSE & BSE for SJVN was -96.79% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock's continued downtrend suggests a bearish trend is underway.

From a fundamental analysis perspective, the company has a ROE of 6.53% .The current P/E of the stock is at 53.96 .

The median 1-year forecasted upside in this share is at 26.9% with a target price of ₹97.4.

The company has a 81.85% promoter holding, 2.37% MF holding, & 2.40% FII holding as per filings in the june quarter.

The MF holding has increased from 1.81% in march to 2.37% in june.

The FII holding has increased from 2.36% in march to 2.40% in june quarter.

SJVN share price down -0.3% today to trade at ₹133.25 while its peers are mixed. Its peers such as NHPC, Torrent Power are falling today, but its peers NLC India, CESC are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.07% & -0.12% each respectively.