JSW Energy block deal: Rajiv Jain–backed GQG Partners sells stake worth Rs 677 crore

Rajiv Jain–backed GQG Partners on Tuesday sold over 1.52 crore shares in JSW Energy via a block deal. The deal was worth nearly Rs 677 crore and the shares were sold at a price of Rs 444 apiece, which was a 2% discount over Monday’s closing price of Rs 453.60.

GQG Partners held over 3.12 crore shares in the company which represented 1.79% stake as on September 30, 2025.

Today, JSW Energy shares today ended at Rs 451.60, down 0.44% over the last closing price.

The sell-off comes after a lackluster performance by the stock over a one-year period. JSW Energy shares have fallen 33% in this period, a significant underperformance against the sector (-6%) and headline indices Nifty (4.7%) and the BSE Sensex (3.6%).

Its shares have plunged 55% from the 52-week high of Rs 700.45 and are now trading below their 50-day and 200-day simple moving averages of Rs 517.1 and Rs 512.6, respectively, according to Trendlyne data.

The stock has slipped in a strongly oversold zone with RSI and MFI hovering around 23 and 11, respectively. A number below 30 is considered to be oversold.

Foreign institutional investors’ (FIIs) holdings have been falling in JSW Energy for the past five quarters. From a peak of 15.4% in the June 2024 quarter, it fell to 12.1% in the September 2025 quarter, the Trendlyne data suggested.JSW Energy reported a weak quarter, reporting a 17% year-on-year fall in its September quarter consolidated net profit at Rs 705 crore versus Rs 853 crore in the year ago period. The company’s total revenue in quarter under review stood at Rs 5,361 crore which is a growth of 55% YoY compared to Rs 3,043 crore in Q2FY25.

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