CMP: 22

SJVN Limited develops, owns, and operates Hydro-electric power projects in India. The Company operates power generating plants in states that include Himachal Pradesh.

SJVN is a mid-cap on the verge of becoming a large-cap. Its currently trading at a P/E of less than 10 and excellent dividend yields of 3.62% in the last 12 months. Liabilities are manageable. Revenues and Profits have been pretty much static in the last 3 years. Q1 FY11 has posted strong numbers in terms of profits. Strong and consistent NPM of over 50%. It has had strong support at 20 levels and is a decent bet.