Shares of JSW Energy rose over 5 percent on Thursday, October 29, extending gains after the company reported strong set of earnings for the second quarter of the financial year 2026-7 and its board approved fundraising plans of up to Rs 5,000 crore. Brokerages offered mixed views on the stock, with CLSA maintaining a ‘Hold’ rating while Jefferies remained its bullish outlook.
At around 11.20 am, JSW Energy shares were trading 5.23 percent higher at Rs 507.75 apiece on the BSE, compared with the previous close of Rs 482.50. The stock opened at Rs 491.40 and surged 5.90 percent to touch a high of Rs 511.
JSW Energy reported an over 38 per cent year-on-year increase in consolidated net profit to Rs 1,141 crore in the September quarter, driven by higher revenues. The company had posted a net profit of Rs 824 crore in the second quarter of the preceding financial year.
During July-September, the company's total income rose to Rs 6,657.71 crore from Rs 5,361 crore in the year-ago period.
The board of JSW Energy also approved raising of long-term funds up to Rs 5,000 crore through the issuance of rated and listed non-convertible debentures on a private placement basis, in one or more tranches, and authorised the Finance Committee to decide on all matters relating to the issuance of the debentures, from time to time, including finalisation and approval of the detailed terms of issue, the company said in a filing shared on Wednesday.