Espresso Shot of the Day - GHCL LTD up by 11 percent

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Espresso Shot of the Day - GHCL LTD up by 11 percent

January 12, 2022
Espresso Shot of the Day - GHCL LTD up by 11 percent

GHCL LTD 426.20 (+11.00%) BSE – INE539A01019 | Jan 12, 2022


GHCL Limited was incorporated on the 14th of October 1983 and since then, it has established itself as a well-diversified group with a market capitalization of almost Rs.3000 Crores. It has ascertained its footprints in the Chemicals, Textiles, and Consumer Products segments. The Textile operations at GHCL is an integrated setup commencing from spinning of yarn to weaving, dyeing, printing, and processing till finished products like sheets & duvets take shape. These products are exported worldwide. It is one of India’s leading manufacturers of Home Textiles with an in-house spinning unit at Madurai, Tamil Nadu, and a state-of-the-art home textile facility at Vapi, Gujarat with a weaving and processing capacity of 45 million meters of fabric up to made-ups. A perennial innovator in the bed linen category, it has shown it has the flexibility to process both cotton and blended fabrics. GHCL’s Home Textiles products are predominantly exported worldwide to countries like the United Kingdom, the United States of America, Australia, Canada, Germany and to many other European Union countries.


Recent Drivers

  • On Dec 7, 2021, GHCL Limited announced that it has entered into a business transfer agreement for divestment of its Home Textiles business to Indo Count Industries.
  • On Nov 29, 2022, the Company signed a memorandum of understanding (MoU) with the government of Tamil Nadu for investing Rs.500 crores in the state.
  • On Nov 15, 2021, India ratings a Credit Rating Agency, affirmed 'IND A1+' (Single A-One Plus) to GHCL Limited for issuance of Commercial Paper (CP) of Rs.100 crores.
  • On Oct 28, 2021, the company reported growth in net profit by 30.18% to Rs.109.95 crores in the quarter ended September 2021 as against Rs.84.46 crores during the previous quarter ended September 2020. 
  • On Oct 28, 2021, the company reported growth in sales by 21.83% to Rs.982.59 crores in the quarter ended September 2021 as against Rs.806.51 crores during the previous quarter ended September 2020.
 (Sources: Business Standard, BSE)


Technical Force*

  • S&P BSE 500 month till date gain up by 4.53%
  • 3 months avg. NSE volume: 208,346
  • Quantity traded: 89,857 | Deliverable Quantity: 47,993 (53.41%)
  • Stock price has jumped more than 115% from a one-year-low level: 197.60 (Feb 1, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 483.10 | 52-week-low: 197.60


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

792.77

637.93

507.27

352.43

221.77

66.93

-

     -

Fibonacci Pivot

637.93

528.87

461.49

418.10

352.43

286.77

243.37

175.99

66.93


Today’s Close

426.20

SMA

BSE

10 DAY

386.16

20 DAY

377.67

50 DAY

392.97

200 DAY

340.29


Some Key Ratios (Source: BSE)

Market Cap:  4,063.85 Crores

PE: 9.55

OPM%: 20.58

ROE%: 15.95

Promoters holding%: 19.07

Prev. Close: 383.95




*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.