Espresso Shot of the Day - GRAVITA INDIA LTD up by 10.86 percent

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Espresso Shot of the Day - GRAVITA INDIA LTD up by 10.86 percent

December 22, 2021
Espresso Shot of the Day - GRAVITA INDIA LTD up by 10.86 percent

GRAVITA INDIA LTD 251.60 (+10.86%) BSE – INE024L01027 | Dec 22, 2021

Gravita India Ltd is one of the largest lead producers in India. The company was established in the year 1992 at Jaipur. The company is anchored by more than 500 forward looking professionals. Gravitas India is dedicated to Lead & Lead Products with environment friendly process. Gravita has always been a value-driven organization. These values, which they cherish and are very dear to them, continue to direct their business and growth. The underlying philosophy of their business is that if they are in this industry for the sole purpose of making money, they can never attain true success. Success to them has more to do with their personal worth and attributes rather than the monetary worth of their assets. They work assiduously towards the provision of customer-satisfaction and do not mind giving them customized solutions as per their needs.

Recent Drivers

  • On Dec 13, 2021, the company said it has operationalized its new battery recycling unit near Mundra Port in Gujarat.
  • On Nov 2, 2021, the company’s net profit rose by 221.30% to Rs.36.95 crores in the quarter ended September 2021 as against Rs.11.50 crores during the previous quarter ended September 2020. 
  • On Nov 2, 2021, the company sales rose by 61.03% to Rs.546.49 crores in the quarter ended September 2021 as against Rs.339.38 crores during the previous quarter ended September 2020.
  • On Sep 14, 2021, the company reported that its’ subsidiary based in Mozambique, East Africa, has started commercial production of Aluminum from its new recycling plant.
(Sources: Business Standard)

Technical Force*

  • S&P BSE SmallCap month till date gain up by 1.41%
  • Traded on all-time high value 255.00
  • 3 months avg. NSE volume: 5,50,328
  • Quantity traded: 1, 39,678 | Deliverable quantity: 36,917 (26.43%)
  • The stock price has jumped more than 310% from a one-year-low level: 60.90 (Dec 22, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 255.00 | 52-week-low: 60.90

Key Pivot  (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

140.40

109.70

93.40

62.70

46.40

15.70

-

    -

Fibonacci Pivot

109.70

91.75

80.65

73.51

62.70

51.89

44.75

33.65

15.70


Today’s Close

251.60

SMA

BSE

10 DAY

234.40

20 DAY

219.81

50 DAY

213.83

200 DAY

160.34


Some Key Ratios (Source: BSE)

Market Cap:  1736.99 Crores

PE: 37.25

OPM%: 4.52

ROE%: 20.17

Promoters holding%: 73

Prev. Close: 226.95

*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.