Espresso Shot of the Day - GHCL LTD up by 6.25 percent

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Espresso Shot of the Day - GHCL LTD up by 6.25 percent

March 14, 2022
Espresso Shot of the Day - GHCL LTD up by 6.25 percent

GHCL LTD 525.05  (+6.25%) BSE – INE539A01019 | Mar 14, 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 set up commencing from spinning of yarn to weaving, dyeing, printing and processing till the finished products like sheets & duvets take shape and are primarily exported worldwide. It is one of India’s leading manufacturers of Home Textiles with an in-house spinning unit at Madurai, Tamil Nadu and state-of-the-art home textile facilities 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 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 other European Union countries as well.


Recent Drivers

  • On Feb 16, 2022, the company announced that it will spend Rs.83 crores on the installation of Solar Power plant of 20 MW for the Company's own use by Madurai and Manaparai units.
  • On Feb 1, 2022, the company reported Net Sales of Rs.1, 004.76 crores in December 2021, up 23.26% from Rs.815.14 crores in December 2020.
  • On Feb 1, 2022, the company reported a Quarterly Net Profit of Rs.162.88 crores in December 2021, up 38.54% from Rs.117.57 crores in December 2020.
  • On Jan 17, 2022, KPI Global Infrastructure intimated that it has re-allocated the capacity of 1.25 MW, owing to discontinuance of Power Purchase Agreements (PPA), of Surat to M/s GHCL against the signing of PPA under Independent Power Producer (IPP) segment of the company.
  • On Jan 27, 2022, the company re-appointed Mrs. Vijaylaxmi Joshi as an Independent Director of the Company.
  • On Dec 7, 2021, the company entered into a business transfer agreement for divestment of its Home Textiles business to lndo Count
 (Sources: Business Standard, BSE)


Technical Force*

  • S&P BSE 500 month till date gain up by 0.43%
  • Traded on All Time high value 534.40
  • 3 months avg. NSE volume: 3,25,444
  • Quantity traded: 1, 60,750 | Deliverable quantity: 59,799 (37.20%)
  • Stock price has jumped more than 145% from one-year-low level: 215.35 (April 13, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 534.40 | 52-week-low: 215.35


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

525.05

SMA

BSE

10 DAY

450.59

20 DAY

430.14

50 DAY

428.05

200 DAY

380.68


Some Key Ratios (Source: BSE)

Market Cap:  5,006.39 Crores

PE: 9.85

OPM%: 24.98

ROE%: 17.92

Promoters holding%: 19.07

Prev. Close: 494.15


*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.