Espresso Shot of the Day - Psp Projects Ltd up by 12.37 percent

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Espresso Shot of the Day - Psp Projects Ltd up by 12.37 percent

January 27, 2022
Espresso Shot of the Day - Psp Projects Ltd up by 12.37 percent

PSP PROJECTS LTD 577.95 (+12.37%) BSE – INE488V01015 | Jan 27, 2022


PSP Projects Limited is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. It provides its services across the construction value chain, ranging from planning and design to construction and post-construction activities, including MEP work and other interior fit-outs to private and public sector enterprises. Historically, it was more focused on projects in the Gujarat region. However, recently, it has actively expanded its geographical presence to other states and diversified its portfolio of services. They want to be recognized as the leading Construction Company in the areas that they operate, through their Performance, their People & Commitment to their Core Values. To become the preferred construction company in the Infrastructure Industry is their goal. They want to build high-quality, innovative infrastructures for their customers. They also want to provide their customers an outstanding performance in terms of execution and fast delivery. They also want to adequately promote those who invest their creative ideas in their company and demonstrate dedication to their company.

Recent Drivers

  • On Dec 23, 2021, the company divested its 100% stake in PSP Projects INC, a Wholly Owned Subsidiary Company
  • On Dec 9, 2021, the company approved the appointment of Mr. Kenan Patel as the Company Secretary and Compliance Officer of the Company. He took charge from December 14, 2021.
  • On Oct 28, 2021, the company reported Net Sales of Rs.390.44 crores in September 2021 up, 60.62% from Rs.243.09 crores in September 2020.
  • On Oct 28, 2021, the company reported a Quarterly Net Profit of Rs.36.39 crores in September 2021, up 158.66% from Rs.14.07 crores in September 2020.
 (Sources:,  Business standard, Moneycontrol, BSE)


Technical Force*

  • S&P BSE SmallCap month till date gain up by -2.80%
  • Traded on 52 Week high value 587.00
  • 3 months avg. NSE volume: 166,500
  • Quantity traded: 1, 27,063 | Deliverable quantity: 44,762 (35.23%)
  • Stock price has jumped more than 45% from one-year-low level: 394.00 (May 18, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 587.00 | 52-week-low: 394.00


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

718.63

635.42

560.43

477.22

402.23

319.02

244.03

     -

Fibonacci Pivot

635.42

574.98

537.65

513.60

477.22

440.83

416.78

379.45

319.02


Today’s Close

577.95

SMA

BSE

10 DAY

514.73

20 DAY

503.79

50 DAY

493.90

200 DAY

461.66


Some Key Ratios (Source: BSE)

Market Cap:  2080.62 Crores

PE: 13.94

OPM%: 16.82

ROE%: 25.50

Promoters holding%: 70.16

Prev. Close: 514.35


*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.