Benchmark indices, S&P BSE Sensex and Nifty50, rose on Tuesday, supported by foreign institutional investor inflows and firm Asian markets. The financial services, services, teck, capital goods, bankex, IT and industrials sectors rallied, while commodities, energy, telecommunication, auto and consumer durables pulled back. Hikal gained 8.5%, while M&M rose 4.08%, though shares in ONGC fell nearly 5%. Technical analyst Viral Chheda recommends investors should buy Hikal at the current price, buy JSW Energy above INR270 ($3.63), and buy RVNL above INR123 when considering limited downside risk and upward potential of 6-8 months.

On Tuesday, BSE Sensex rose by 123 points while Nifty reached above the 18,600 level, extending its fourth straight day of gains fueled by FII inflows. Financial, banking, capital goods, and industrial shares raised key indices, with FMCG gaining the most points and the metals sector underperforming. The session ended mixed, with analysts suggesting that the uptrend was continuous and consolidation offered an opportunity for new long positions. The report includes various stock recommendations by analysts.

JSW Energy has been trying to make a bottom somewhere around 200-220 mark in the last two-three months. However, I feel that still the stock is not out of the woods, it is still in a downtrend and only across about 275-280 will mean that the short-term downtrend in the stock is over and then the stock can be bought on dips.

JSW Group is looking to sell a minority stake in JSW Neo Energy, a subsidiary of listed JSW Energy, to raise up to $500 million, people aware of the development told ET. The steel and energy conglomerate has appointed Standard Chartered Bank as the sell-side advisor for the transaction, one person said, asking not to be named as the discussions are private. TPG's The Rise Fund, which invests in clean energy companies, is one of the interested bidders. The fund had earlier invested $1 billion in Tata Motors' electric vehicles arm.

The company intends to spend Rs 85,000 crore in the next seven years under its recently unveiled ‘Strategy 2.0’ initiative, wherein it aims to increase its generation capacity to 20 GW and energy storage of 40 GWh/5GW by 2030.

JSW Energy had been looking to refinance ₹10,150-crore loans that it took after acquiring Mytrah Energy India's renewables portfolio for an enterprise value of about ₹11,934 crore last year. "We have totally restructured and refinanced it," Prashant Jain, CEO of JSW Energy, said at the firm's fourth quarter investor presentation on Tuesday.

JSW Energy has announced a 68% drop in its net profit for Q4 2023. The decline has been attributed to lower margins and increased operational expenses. The firms net profit for the quarter ended March 2023 was INR 282.03 crore (~$37.2m), compared to INR 877 crore (~$115.5m) during the same period last year. Despite this, revenue from operations rose by 9% to INR 2,669.9 crore (~$351.2m) due to higher sales. The company has also signed a PPA with the Solar Energy Corporation of India for wind projects totalling 300 MW.

Option data suggests a broader trading range in between 18000 to 18500 zones while an immediate trading range in between 18150 to 18450 zones.

The ports business of the Sajjan Jindal-led JSW Group plans to deploy the proceeds of the public issue to retire its debt and fund capacity expansion projects. The IPO is entirely a fresh share issue.

"JSW Infrastructure has filed DRHP to raise up to Rs 2,800 crore through IPO route. The ports business of the JSW Group has filed the DRHP for its initial public offering with SEBI on May 9, 2023," sources said.

The company has set a target to reach 20 GW capacity by 2030 and 10 GW by 2025. With a total locked-in capacity of 9.9 GW, JSW Energy is well placed to achieve its targets well ahead of time.

Jindal recently told the Financial Times that using its mining experience, JSW would “100 per cent” be bidding for newly found lithium blocks in the Jammu and Kashmir region, which the government is set to auction this year. He said he wanted to manufacture electric cars by reviving the company's previous plans.

"JSW Renew Energy Two Limited has commissioned 51 MW of wind power capacity under phase-wise commissioning of 450 MW ISTS-connected wind power project awarded under SECI tranche X in Tamil Nadu," JSW Energy said in a regulatory filing.

JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 41939.23 Crore) operating in Power sector.

The two bidders were among five that submitted non-binding indicative offers in early April. They will now conduct due diligence on the company before they submit firm financial offers, according to sources.

India’s power consumption grew by 7 percent in Q4 from a year ago.

On a year-over-year basis, the headline number rose 5% against economists' estimates of a 5.2% rise, while the core measure, which strips out volatile food and energy prices, climbed 5.6% in-line with consensus estimates.

JSW Energy could witness a dip in earnings YoY as 4QFY22 had the benefit of higher merchant realisation led by the power crisis last year, which is not the case this year.

The move will make more green hydrogen manufacturing projects eligible for the 25-year waiver of transmission charges, previously available for projects set up before July 2025, said the source, who declined to be identified because he is not authorised to speak to media. Building large-scale hydrogen and ammonia projects takes three to four years, and it was unlikely many would be commissioned by June 2025, the government official said.

India plans green hydrogen incentives of at least 10% of cost. The government will give incentives worth at least 30 Indian rupees per kilogram (kg) for the production of green hydrogen fuel, the official, who is directly involved but did not want to be identified because the discussions are private, told Reuters.

The Mytrah portfolio of 1,753 MW comprises of 1,331 MW of wind capacity and 422 MW (487 MWp DC) of solar capacity operating primarily in the southern, western and central parts of India.

With the expectation of a peak power demand this summer season, Jefferies sees three companies-NTPC, JSW Energy, and Indian Energy Exchange (IEX)-as beneficiaries of the peak demand.

JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 41075.77 Crore) operating in Power sector.

The Board of Directors on October 28, 2022, approved the NCD issue for the raising of funds up to Rs 2,500 crore by way of the private placement.

​​"One of my previous picks was TD Power and I would like to suggest another trade, which is Cummins India. It has already gained 21% this year and is currently trading at 1683. It has been outperforming the benchmark index. One can accumulate it at current levels or on a decline towards 1650."

Power utility companies are expected to report double-digit growth for the March quarter as IMD predictions of heat waves across northern, central and eastern India will force the use of more electricity, even as industrial usage is already scaling new highs

One can buy ACC at Rs 1730, stop loss at Rs 1690 for a target of Rs 1810. I think it can overshoot the target.

JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 36372.00 Crore) operating in Power sector.

“The next two, three years remains positive for the PSU banking space. Even in some housing finance companies, while their liabilities are fixed in nature, their assets, which are the loans that they give out, are variable. As a result, in a rising interest rate environment, they will see expansion in margins. Private sector banks remain lucrative. This is a buy on dips, not a sell on rallies kind of space.”

With the consistent rally, Paytm has surpassed all short-term as well as long-term moving averages, forming a bullish candle with upper and lower shadows on the daily charts with higher high higher low formation for the fourth consecutive day.

Yes definitely, it was a very balanced budget with growth as the north star. Long-term infrastructure creation, focus on human capital development, and ensuring a GDP multiplier effect from agri-sector spend and tax rate cuts remained in focus.

Jain’s comments came on the day when the stock of JSW Energy tanked six percent following its Q3 result.

Liquidity continues to be strong with cash balances at Rs 3,029 crore as of December 31, 2022. The company has one of the most substantial balance sheets among its peers with a large headroom to pursue value accretive growth opportunities, the company informed through an official filing.

The brokerage is of the view that valuation of the stock looks expensive at Rs 262 (RoE - ~8.9%, FY25 P/E – 23.6x, P/BV - 2.0x); hence it maintains a SELL with a SoTP of Rs 186.

The promoters - NTPC, NHPC, Power Finance Corp and Power Grid Corp of India - hold a combined stake of around 16% in PTC India. Damodar Valley Corp, which owns a 3.3% ownership, has also decided to divest its shareholding.

While higher realisation would offset the fall in generation, profitability is expected to be impacted by higher coal prices.