Swan Energy shares: Swan Energy Share Price NSE BSE India
Swan Energy Ltd., listed as SWANENERGY on the Bombay Stock Exchange (BSE), is currently valued at 569.30 Indian Rupees per share. Today,Swan Energy share price has risen by 9.22% compared to yesterday’s closing price of 521.25 INR. Swan Energy has shown a strong performance in the stock market recently.
In the past 52 weeks, Swan Energy share price has experienced fluctuations in its stock price, with the highest reaching ₹782.25 and the lowest dropping to ₹192.65. The company currently boasts a market capitalization of ₹163.39 billion. Its Price-to-Earnings Ratio (PE Ratio) stands at 25.08, indicating its valuation relative to earnings. Swan Energy offers a modest dividend yield of 0.02%. Today, the trading volume for Swan Energy shares amounted to 16,305,187 shares, reflecting significant market activity.
Highlights
Swan Energy operates in the Textiles & Apparel sector. It’s important to note that stock prices can vary, so it’s wise to stay updated on market trends and the company’s performance to make informed investment decisions.
Swan Energy’s stock has experienced a decline of over 27% in the past five days, adding to losses for investors over the past month. Despite this, the stock has delivered impressive returns, boasting a 90% increase over the last six months and a remarkable surge of over 426% over the past five years. Looking back three years, it has nearly tripled in value. For instance, on March 12, 2021, it traded at Rs 143.45, whereas today it stands at Rs 535.90.
Swan Energy Recent Announcement
Swan Energy’s recent announcement detailed that earlier this month, its subsidiary Swan LNG Pvt Ltd (SLPL) successfully repaid its entire loan of Rs 2,206 crore, inclusive of interest, to a consortium of banks. This prepayment is anticipated to result in savings of approximately Rs 250 crore in interest payments for SLPL. Consequently, this move is expected to fortify Swan Group’s financial position, potentially leading to an upgrade and re-rating.
Following the prepayment, Swan Energy’s debt has decreased to Rs 1,675 crore. Notably, the group’s external debt, which amounted to Rs 4,128 crore in September 2023, reduced to Rs 3,817 crore by December 2023. To facilitate the prepayment, the company extended a loan of Rs 2,210 crore to SLPL. Additionally, Swan Energy recently secured Rs 3,000 crore through Qualified Institutions Placement (QIP)
Expert’s Opinion on Swan Energy Shares
Ravi Singh, Founder of DRS Finvest, observed, “The stock exhibits weakness on the daily chart, declining towards Rs 520 levels, with resistance expected around the Rs 610 zone.”
AR Ramachandran from Tips2Trades commented, “The stock’s daily chart displays a bearish trend, encountering robust resistance at Rs 676. A breach of the Rs 551 support level could lead to a decline towards Rs 495 in the short term.”
Jigar S Patel, Senior Manager and Technical Research Analyst at Anand Rathi Shares & Stock Brokers, noted, “Support is anticipated around Rs 525, while resistance is seen at Rs 616. A closure above Rs 616 could pave the way for further upward movement towards Rs 640. The projected trading range for the month lies between Rs 500 and Rs 640.
About Swan Energy Ltd
Swan Energy Limited, headquartered in India, operates in diverse sectors including Swan LNG, Petrochemicals & Textile Company, Realty, Petrochemical Manufacturing & Trading. Its divisions encompass Textile, Energy, Construction/Others, Distribution & Development, Warehousing, Manufacturing, and Power Generation.
Our Mission
We aim to lead as a provider of sustainable solutions, catalysing positive transformation and delivering top-tier solutions for a more sustainable and prosperous global community.
Our Principles
Dedicated to our clientele, we leverage expertise to innovate, champion sustainable practices, and persevere in accomplishing our objectives.
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