Shares of JSW Energy Ltd hit their record high in early deals today its arm JSW Neo Energy received a letter of award from NTPC for setting up a 700 MW solar project. JSW Energy stock gained 4.02% to Rs 651.55 against the previous close of Rs 626.35 on BSE. The multibagger stock has rallied 152.25 per cent in a year and gained 56.29 per cent in 2024.
JSW Energy shares rose nearly 3% to hit a 52-week high of Rs 558 in Wednesday s trade on BSE after the firm said it plans to raise Rs 5,000 crore by selling shares to high net worth investors through a qualified institutional placement process or QIP.
A Business Transfer Agreement has been signed between the parties and the transaction is subject to other customary approvals standard to a transaction of this size.