Why Is CLSA Bullish On SJVN? Satluj Jal In News | SJVN Stocks | Business News | ET Now

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Published on October 12, 2022 5:44:05 AM ● Video Link: https://www.youtube.com/watch?v=GQLNyF4OW-o

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CLSA has turned bullish on SJVN. Maintaining a buy rating with a target price of Rs 42 per share, as the company had many strategic wins in H1FY23. The brokerage stated that a rapid scale-up is visible and two times the return in earning equity is expected. Stock prices may double in the next four years. SJVN has also started monetization of certain projects and set a capex target of Rs 8000cr in FY23. Nand Lal Sharma as Chairman and Managing Director tenure extended till Feb 2024. Stock up 25% from June Lows and trading at 1x P/B ratios for FY23.
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