JSW Energy Shares: JSW Energy, the energy company of JSW Group, has received a warning letter from market regulator Securities and Exchange Board of India (SEBI). This is related to warning administration. The company received this letter dated November 4, 2024 on November 21 and now when the company gave this information in its exchange filing, the shares fell sharply. At the end of the day, its shares closed at Rs 689.35 on BSE with a fall of 1.30 per cent, but in intra-day it fell by 2.21 per cent to Rs 683.00.
Warning received in case related to Insider Trading
JSW Energy has received an administrative warning letter from SEBI for violation of trading rules. According to exchange filings, some people traded its shares in a manner that violates the Prohibition of Insider Trading Regulations, 2015 and the SEBI Act, 1992. Its shares did take a hit after receiving this warning letter, but JSW Energy says that due to this violation there is no impact on the financial and business health of the company. The company stressed that action has already been initiated against the violators in this matter.
How was the movement of JSW Energy shares in a year?
JSW Energy shares have made huge profits for investors. Last year on December 21, 2023, it was at Rs 397.70, which is a one-year low for its shares. From this low level, it jumped by about 103 percent in 9 months to reach a price of Rs 804.95 on September 24, 2024, which is a record high for its shares. However, the rise in shares stopped here and at present it is more than 14 percent downside from this high.
