India's JSW Energy up on winning bids for solar power grids

CESC

15/03/2024 09:42

** Shares of power generator JSW Energy  JSWE.NS  up 4.6%
    ** Co receives bids for setting up 700 milliwatt and 300
milliwatt power generating grids in two renewable energy parks 
    ** Stock trading above its 200-day simple moving avg since
July 2023, volumes over 1x the 30-day avg 
    ** Analysts' average rating on co is equivalent of "hold",
their median PT is 507 rupees - 6% premium on last close, per
LSEG data 
    ** Including sessions' gains, stock up ~22% YTD, it surged
42% in 2023  
    ** Analysts' avg rating on peer Tata Power  TTPW.NS  is
"hold", while on CESC  CESC.NS  it is "buy"



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))