Swan Energy’s shares rose 3.76% after the company reported a 192% profit increase for the quarter ending June 30, 2023, to Rs 144.82 crore. Revenues rose 208% to Rs 804.29 crore, and profits were up 133% sequentially. Shares traded at Rs 271 at 12.12 pm on the BSE.

Swan Energy shares rise following robust quarterly performance

Swan Energy (₹268.95): Recent robust rise from pivotal ₹215 support suggests bullish sentiment, with a potential target of ₹320 in 2-3 months. Break above ₹320 could drive shares to ₹430-440 over a year. Consider accumulating, set stop-loss at ₹205, trail to ₹310 at ₹345, and ₹340 at ₹390, with an e…

Technical Analysis: Swan Energy, International Conveyors and Sterlite Technologies

The share touched a 52-week high of Rs 379 on January 23, 2023 and a 52-week low of Rs 180.30 on July 8, 2022.

Swan Energy gains on board nod to Rs 690-crore equity issue

Buzzing stocks of SBI, HDFC, NDTV, Titagarh Rail, Gland Pharma, GR Infraprojects, TCNS Clothing, Aditya Birla Fashion, Swan Energy

Stocks to watch on June 28, 2023

The consortium of Swan Energy and Hazel Mercantile is yet to make upfront payment of ₹263 crore for Reliance Naval.

Swan Energy consortium yet to pay upfront money for Reliance Naval debt resolution

Swan Energy has obtained board approval to raise up to ₹690 crore through a preferential issue of shares to GCP Inab Pte Ltd, a Singapore-based entity. The company plans to issue 2.3 crore shares at ₹300 each. An extraordinary general meeting is scheduled for July 20 to seek shareholder approval for…

Swan Energy to raise up to ₹690 crore through preferential issue

Senior Technical & Derivatives analyst Kunal Shah at LKP Securities recommends smallcap stocks such as Natco Pharma, Swan Energy and DCM Shriram. He anticipates Nifty trading within 18,500-18,900. HDFC and HDFC Bank both remain bullish with strong support and may reach all-time highs. Shriram Financ…

3 smallcap stock ideas from Kunal Shah for next week

Swan Energy share price: On technical setup, the counter’s 14-day relative strength index (RSI) came at 73.48. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company’s stock has a price-to-equity (P/E) ratio of 1790.79. It has a price-to-book (P/B) value…

Swan Energy shares jump 11% today after sharing update on board meeting

The 30-share BSE Sensex pack rose 79 points or 0.13 per cent to hit an all-time high of 63,602 in opening deals, while the broader NSE Nifty moved 26 points or 0.11 per cent up to trade at 18,882, a few points away from its lifetime peak of 18,888. Mid- and small-cap shares were positive as Nifty Mi…

Sensex hits fresh all-time high, Nifty tad away from lifetime peak; Swan Energy & Aether Industries jump up to 8%

Jindal Stainless Ltd, Mahindra Holidays & Resorts India Ltd, Tube Investments of India Ltd and GRM Overseas Ltd are among the other losers in the BSE’s ‘A’ group today, 17 March 2023.

Swan Energy Ltd leads losers in ‘A’ group

Swan Energy said recent events had disturbed the capital markets and caused a major obstruction in raising funds

Swan Energy blames Hindenburg report for inability to raise funds to pay for Reliance Naval

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Swan Energy Limited is a holding company, engaged in the manufacturing and marketing of cotton and polyester textile products, real estate development and energy businesses.

Swan Energy Ltd