On 29th October 2024, SJVN share price experienced a modest increase of 0.23%. The stock opened at ₹109.15, climbed to a high of ₹110.40, and dropped to a low of ₹108.00, ultimately closing again at ₹109.15. This current trading price reflects a marginal uptick from the previous close, indicating a slight but notable interest among investors.
| Table of Contents |
|---|
| Technical Analysis |
| Trading Volume |
| Fundamental Analysis |
| Market Comparison |
| Additional Information |
Technical Analysis
From a technical standpoint, SJVN stock is currently trading below various short-term moving averages, specifically the 5, 10, and 20-day averages. Moreover, it is also positioned below the longer-term moving averages, including the 50, 100, and 300-day averages. This trend suggests that traders should exercise caution.
Key resistance levels to watch include ₹110.39, ₹111.89, and ₹113.97. Meanwhile, critical support levels are at ₹106.81, ₹104.73, and ₹103.23, which could serve as indicators for potential trends in the upcoming trading sessions.
Trading Volume
The trading volume for SJVN on both the NSE and BSE has shown a significant decline, dropping by 96.35% compared to the previous trading session. Such a drastic decrease in volume could imply a lack of investor confidence or interest at the current pricing scale.
Fundamental Analysis
From a fundamental perspective, SJVN reveals a Return on Equity (ROE) of 6.53% and a Return on Assets (ROA) of 2.58%. The stock’s Price-to-Earnings (P/E) ratio stands at a relatively high 43.91. Analysts forecast a potential upside of 8.38% over the next year, setting a target price of ₹100.00.
Regarding shareholding, the promoter holding is notably at 0.00%, whereas mutual fund holding stands at 2.62% and foreign institutional investor (FII) holding at 2.39%, according to filings from the September quarter.
Market Comparison
In the broader market context, SJVN shares are participating in a mixed trend among its peers. On the same date, benchmark indices such as Nifty and Sensex are reflecting negative performance, down by 0.38% and 0.35%, respectively. This broader market sentiment may also influence the trading patterns exhibited by SJVN stock.
Additional Information
For real-time updates and comprehensive market news, investors can refer to the Live Mint website. Keeping abreast of thesefinancial news can provide further insights into stock performance and market dynamics.
FAQ
1. What is the significance of resistance and support levels in stock trading?
Resistance and support levels are critical indicators in technical analysis. Resistance levels indicate price points where a stock tends to stop rising, whereas support levels indicate where a stock typically stops falling.
2. What does a low trading volume indicate for a stock?
A decline in trading volume may signify decreased investor interest or a potential lack of confidence in the stock’s future performance. It could also suggest that traders are waiting for the stock to become more attractive at a different price point.
3. What should investors consider before investing in SJVN shares?
Investors should examine both technical and fundamental analyses, including the stock’s P/E ratio, ROE, and ROA, alongside market trends. They should also consider their risk tolerance and investment horizon to make an informed decision.
