Jhaveri Credits & Capital Ltd shares fall 2.82% as it receives Letter of Award for solar rooftop projects
Why did Jhaveri Credits & Capital Ltd shares fall today?
Jhaveri Credits & Capital Ltd shares were trading at ₹169.0 on Friday at 02:25 PM, reflecting a decline of 2.82% for the day. This downward movement in the stock price indicates selling pressure despite the company's recent positive announcement.
The company recently informed stock exchanges that it has received a Letter of Award from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. This award is for the supply, installation, and commissioning of grid-connected rooftop solar power plants at various government institutions in Andhra Pradesh under the RESCO (Renewable Energy Service Company) model. The official intimation was sent to the BSE on September 4, 2026, following the award's receipt on September 3.
Market participants often react to such news in complex ways. While a new project award is fundamentally positive, the share price decline could be due to a 'buy the rumor, sell the news' event, where investors sell after the official announcement. It may also reflect broader market conditions or profit-booking by traders. Therefore, despite the positive contract win, the stock was under pressure in today's session.
What does Jhaveri Credits & Capital Ltd do?
Jhaveri Credits & Capital Ltd is involved in the renewable energy sector, specifically in the supply, installation, and commissioning of grid-connected rooftop solar power plants. The company has secured a project to carry out this work at various government institutions in the state of Andhra Pradesh. This project is to be executed under the RESCO (Renewable Energy Service Company) mode.
The project was awarded to the company by the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. This contract represents a business activity in the clean energy infrastructure space, focused on deploying solar power systems for government clients.
Jhaveri Credits & Capital Ltd Financials
In CroresJhaveri Credits & Capital Ltd demonstrated significant growth in its financial performance between the periods ending December 2025 and March 2026. Revenue increased substantially from ₹16.53 Crores to ₹47.8 Crores, indicating strong top-line expansion. Concurrently, the company's profitability improved markedly, moving from a net loss of ₹0.11 Crores to a net profit of ₹2.88 Crores. This data reflects a clear upward trend in both revenue generation and overall profitability for the company.
Jhaveri Credits & Capital Ltd Shareholding Pattern
Promoter holding stands at 64.4% of the total share capital. Foreign Institutional Investors (FIIs) hold 3.56% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 32.05% stake in Jhaveri Credits & Capital Ltd.
Jhaveri Credits & Capital Ltd FAQs
Q: Why did Jhaveri shares fall 2.82% today?
The Company has received Letter of Award from New & Renewable Energy Developement Corporation of Andhra Pradesh Ltd for Supply, Installation, Comissioning of Solar Rooftop Power Plants ..... This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Jhaveri Credits & Capital Ltd?
As per the latest data, promoters hold 64.4% stake in Jhaveri Credits & Capital Ltd, while FII holding stands at 3.56%. Domestic institutional investors hold 0.0%, and public shareholders account for 32.05% of the equity.
Q: What is the current stock price of Jhaveri Credits & Capital Ltd?
Jhaveri Credits & Capital Ltd shares are currently trading at ₹169.0, recording a decline of 2.82% from the previous close.
Q: What is the market capitalization of Jhaveri Credits & Capital Ltd?
The company currently has a market capitalization of ₹187.62 crore, reflecting its valuation in the Indian equity market.