Stock market analyst Arun Kejriwal has maintained 'buy' rating on Satluj Jal Vidyut Nigam Limited (SJVN Ltd) stock with target of Rs 24.60.

According to analyst, the investors can buy the stock with stop loss of Rs 22.75.

The stock of the company, on June 23, closed at Rs 23.15 on the Bombay Stock Exchange (BSE).

Recognizing the attempts made for timely conformity to commercial commitments by power utilities in the direction of 1500 MW Nathpa Jhakri Hydro-Power Station, Satluj Jal Vidyut Nigam Limited (SJVN) has taken the lead in India by offering a rebate of Rs 21.67 crore.

SJVN Ltd has launched the plan of issuing appreciation certificates to the beneficiaries of its Nathpa Jhakri Hydro Power Station.

The SJVN Ltd (formerly Nathpa Jhakri Power Corporation Limited - NJPC ) was set up in the year 1988 as a JV of GOI and GOHP to plan, study, organize, carry out, function and maintain Hydro-electric power projects.

The present authorized share capital of SJVN stood at Rs 7000 crores.