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 through a block deal. The deal was worth nearly Rs 677 crore and the shares were sold at a price of Rs 444 each, which was a 2% discount from Monday’s closing price of Rs 453.60.GQG Partners owned over 3.12 crore shares in the company, which represented a 1.79% stake as on September 30, 2025.

Today, JSW Energy shares ended at Rs 451.60, down 0.44% from the last close.The sell-off comes after the stock’s lackluster performance over a one-year period. Shares of JSW Energy have fallen 33% in this period, a significant underperformance against the sector (-6%) and key indices Nifty (4.7%) and the BSE Sensex (3.6%).

The shares have fallen 55% from their 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 data from Trendlyne.

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

Foreign institutional investors’ (FIIs) holdings in JSW Energy have fallen over 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 posted a weak quarter, reporting a 17% year-on-year decline in consolidated net profit in the September quarter at Rs 705 crore versus Rs 853 crore in the year-ago period. The company’s total revenue in the quarter under review was Rs 5,361 crore, which is a growth of 55% year-on-year compared to Rs 3,043 crore in Q2FY25.

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