Shares of Sanvi Energy Limited, a prominent hydropower company in Nepal, took a sharp dive on Saturday, falling by 9.99% to close at Rs. 802.40. The stock dropped Rs. 89.10 in a single day, marking one of its steepest losses in recent weeks.
The day began on a high note with the stock opening at Rs. 862.80, but selling pressure quickly mounted, driving prices down to the day’s low of Rs. 802.40. The highest recorded price during the day was Rs. 900.00.
Sanvi’s shares saw 2,16,397 units traded, generating a turnover of approximately Rs. 17.75 crore. Despite this, the company maintains a solid market capitalization of Rs. 7.06 Arba, reflecting its strong presence in the hydropower sector.
Market analysts noted that several brokers were actively involved in trading Sanvi shares, with top brokers purchasing large volumes at average prices ranging from Rs. 883 to Rs. 906. The top buyer acquired 19,100 shares at an average price of Rs. 896.37, indicating institutional interest even amid the decline.
Although the company’s dividend yield remains at 0%, investors are closely watching for further announcements or financial reports that could impact its price movement.
Technical indicators like RSI, MFI, and MACD were flat at 0.00, suggesting a lack of technical momentum. However, the trading volume significantly exceeded the average daily volume of 58,190 shares, signaling high investor activity.
Sanvi Energy’s recent volatility comes as part of broader fluctuations in Nepal’s hydropower stocks, many of which are facing correction after months of bullish momentum.
