Axis Securities recommends buying JSW Energy shares

Axis Securities recommends buying shares of JSW Energy at the current market price of Rs 524.65. The firm has set a target price of Rs 565 per share, indicating a potential increase of 10%. The recommendation follows recent price drops and expected demand growth in the summer months. JSW Energy reported a total income of Rs 2,640.04 crore for the quarter ending December 31, 2024. This reflects a decrease from Rs 3,459.40 crore in the previous quarter and a slight dip from Rs 2,661.41 crore in the same quarter last year. The company, which is a mid-cap player in the power sector, was founded in 1994 and has a market capitalization of Rs 91,294.69 crore. Its main revenue comes from power generation, services, and product sales among other sources. JSW Energy's latest net profit after tax for the quarter was Rs 152.28 crore. The company has various shareholders, with promoters holding 69.32% of the shares, foreign institutional investors owning 14.57%, and domestic institutional investors holding 9.93% as of December 31, 2024.