I think @hardik_shah1 perhaps wanted to know about OFS price and CMP of SJVN & NHPC !
SJVN OFS was on 21 sept 2023 ofs price 69…CMP. 131 Return post OFS as on 29th June is 89% and annualized return is 118%
NHPC OFS was on 18 Jan 2024 OFS price was 66 …CMP 100…Return post OFS is 51.5% …annualized return is 103%
As I had bought these stocks at 9-10% dividend yield , these return needs to be added.
Further appreciation post OFS would depend upon the quarterly financial performance, govt policy etc which we need to watch.
I feel Considering For an energy Utility company and good dividend paying stock , return is quite reasonable. we can not compare return from an utility company growing at slower pace with a defence company growing very fast.rate. My return expectation from an utility company is moderate and not Multibaggers.
Discl: I have investments in both sjvn & nhpc from lower level as a part of my renewable energy basket and would like to hold for long term subject to Govt policy continuance and good quarterly performance.
It is not a buy sell recommendation.Please do your own assessment before investment. PSU stocks carry risk of change in govt policy which may or may not be Favorable to minority share holder.
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