Espresso Shot of the Day - PSP Projects Ltd up by 7.47 percent

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Espresso Shot of the Day - PSP Projects Ltd up by 7.47 percent

July 18, 2022
Espresso Shot of the Day - PSP Projects Ltd up by 7.47 percent

PSP Projects Ltd. 654.05(+7.47%) BSE – INE488V01015 | 18th  July 2022

https://www.myespresso.com/images/Binge-graph-image_PSP-Projects-Ltd1-202207181843468743036.jpg

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 has been more focused on projects in the Gujarat region. More recently, it has actively expanded its geographical presence to other states and diversified its portfolio of services. Its execution capabilities have grown significantly with time, both in terms of the size of projects that it bids for and executes, and the number of projects that it executes simultaneously.


Recent Drivers

  • On 14 July, 2022, PSP Projects Ltd. appointed Mrs. Achala Monal Patel as an Additional Non-Executive Independent Director of the company.
  • PSP Projects has emerged as the Lowest Bidder (L1 Bidder) for a Government medical college and hospital in Gujarat, with a bid value worth Rs 615.18 crores as per company declaration to BSE on June 6, 2022.
  • Between June 20 and 30, 2022, the PPP Family Trust (through Mrs. Shilpaben P. Patel – Trustee) and SPP Family Trust (through its Trustee, Mr. Prahaladbhai S. Patel) have collectively acquired 90,399 equity shares worth Rs 4.69 crores of PSP Projects via open market, according to disclosure made by the company.
  • On May 27, 2022, the company reported net profit of Rs 166.65 crores in the year ended March 2022, as against Rs 81.53 crores during the previous year, which is above by 104.4%.
  • On May 27, 2022, sales rose 40.87% to Rs 1748.06 crores in the year ended March 2022 as against Rs 1240.86 crores during the previous year ended March 2021.
  • Company recommended a final dividend of Rs 5 per equity share on May 27, 2022, for the financial year ended March 31, 2022, subject to the approval of the shareholders of the company.
(Sources: BSE, Moneycontrol, Capital Market, Business Standardl)


Technical Force*

  • S&P BSE 200 month-till-date gain by 5.45%
  • 3 months avg. NSE volume: 179,329
  • Quantity traded: 1,03,523 | Deliverable Quantity: 46,720 (45.13%)
  • The stock price jumped by 50% from a one-year-low level: 406.4 (Aug 23, 2021)
  • Daily RSI (14) is near overbought territory today
  • 52-week-high: 660 | 52-week-low: 406.4


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

654.05

SMA

BSE

10 DAY

597.74

20 DAY

569.33

50 DAY

527.51

200 DAY

521.17


Some Key Ratios (Source: BSE)

Market Cap: 2,354.58 crores

PE: 14.50

OPM%: 16.85

ROE%: 23.72

Promoters holding%: 70.2

Prev. Close: 608.6


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.


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.