Buy JSW Energy Ltd & Multi Commodity Exchange Ltd

Buy JSW Energy Ltd & Multi Commodity Exchange Ltd

JSW Energy Ltd (JSWE):

JSW Energy Ltd

JSW Energy Ltd has officially announced a consolidated sales of Rs. 2,118.55 Cr for the quarter finished on 30-09-2019, which is -12.17% down from its previous quarter sales of Rs. 2,412.17 Cr and -12.84% down from its previous year’s same quarter sales of Rs. 2,430.76 Cr. The firm has also announced its net profit after tax of Rs. 347.84 Cr in the most recent quarter.

Outlook:

JSW Energy Ltd is a buy call with a target of Rs. 80 and a stop loss of Rs. 73.5; current market price: 75.60.

Multi Commodity Exchange of India Ltd (MCEI):

Multi Commodity Exchange of India Ltd

Multi Commodity Exchange of India Ltd has officially announced a consolidated sales of Rs. 100.15 Cr for the quarter finished on 30-09-2019, which is 26.05% up from its previous quarter sales of Rs. 79.45 Cr and 40.86% up from its previous year’s same quarter sales of Rs. 71.10 Cr. The firm has also announced its net profit after tax of Rs. 72.04 Cr in the most recent quarter.

Outlook:

Multi Commodity Exchange of India Ltd is a buy call with a target of Rs. 1,220 and a stop loss of Rs. 1,130; current market price: 1,152.95.

Disclaimer: The perspectives investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/ shares mentioned.

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