SJVN Ltd: Shares of SJVN Ltd have climbed up to 3% today on Tuesday. The company’s shares reached an intraday high of Rs 143.55 today
SJVN Ltd: Shares of SJVN Ltd have climbed up to 3% today on Tuesday. The company’s shares reached an intraday high of Rs 143.55 today. Let’s say the company’s shares have climbed as much as 52% so far in YTD this year. At the same time, this stock has climbed 155% in the last one year. The stock was priced at Rs 54 a year ago. Let us know that the India’s largest insurance company Life Insurance Corporation of India (LIC) also has a big stake in the share of SJVN Limited. LIC holds 8,89,94,881 shares i.e. 2.26% stake in the company.
Share increased in June quarter
Based on the shareholding pattern for the June quarter released on BSE, LIC increased its stake in the state-run hydropower company to 2.26 per cent. LIC held 1.73% stake in SJVN at the end of March quarter. At the same time, India mutual funds have also increased their stake in SJVN marginally. At the end of June quarter, MF held 1.56% stake in SJVN, up from their 1.54% stake during the March quarter. The government is still the largest shareholder in SJVN, holding 81.85% stake.