Espresso shot of the day – Godawari Power and Ispat Ltd up by 19.52 percent

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Espresso shot of the day – Godawari Power and Ispat Ltd up by 19.52 percent

June 14, 2021
Espresso shot of the day – Godawari Power and Ispat Ltd up by 19.52 percent

GODAWARI POWER AND ISPAT LTD 1502.35 (+19.52%) BSE – INE177H01013 | 14th June 2021


Godawari Power & Ispat Ltd. (GPIL) a public Ltd. Co., formally Ispat Godawari Ltd (IGL), a pioneer constituent belonging to HIRA Group of Industries, Raipur, C.G. was incorporated in 1999 to set up an integrated steel plant with captive power generation under the guidance of visionary leadership of Mr. B. L. Agrawal, Managing Director, a techno commercial visionary having proven wide experience in commissioning & running of Cement Plant, Sponge Iron Plant etc., backed by a dedicated team of professionally qualified personnel under the stewardship of Board of Directors having expertise in Engineering finance administration GPIL is listed  with the National Stock Exchange and Bombay Stock Exchange. GPIL is a flagship Company of Raipur-based Hira Group of Industries having dominant presence in the long product segment of the Steel industry, mainly into mild steel wire. Today, GPIL is an end-to-end manufacturer of mild steel wires. In the process, the company manufactures sponge iron, billets, Ferro alloys, captive power, wires rods (through subsidiary company), steel wires, Oxygen gas, fly ash brick and last but not the least iron ore pellets. GPIL is also awarded rights for Iron Ore Mining for captive consumption, as a result of which, the company has managed to traverse the entire value chain (raw material to final product) in steel wires and has now become a fully integrated steel manufacturer.

Recent Drivers

  • On June 14, 2021, the company’s shareholders approved the proposal for divestment of its shareholding in Godawari Green Energy (GGEL), a material subsidiary of the company.
  • Recently Vahdam India's purchased 954 carbon credits from a biomass power project at Godawari Power & Ispat Ltd. (Chhattisgarh).
  • On May 25, 2021, Godawari Power & Ispat Ltd. reported quarterly net profit at Rs. 303.94 crore in March 2021 up 1027.79% from Rs 26.95 crores in March 2020.
  • On May 25, 2021, Godawari Power & Ispat Ltd. reported net sales at Rs 1,236.64 crores in March 2021 up 91.23% from Rs 646.69 crores in March 2020.
  • On May 25, 2021, The company's board recommended a final dividend of Rs 13.50 per equity share of Rs 10 each for 2020-21 in addition to interim dividend of Rs 5 per equity share of Rs 10 each. The dividend recommended by the board is subject to the approval of the shareholders at the Annual General Meeting to be held on August 28, 2021.
  • On May 27, 2021, Godawari Power & Ispat Ltd., a Chattisgarh-headquartered integrated steel manufacturer, will set up a solar power plant of 250 MW capacity in the Raigarh district of Chhattisgarh. The Board of the company recently approved the proposal to set up the plant at a cost of about Rs 750 crores. 


(Sources: Moneycontrol, Business Standards, Pv-Magazine)

Technical Force*

  • S&P BSE Small Cap month till date gain up by 6.27%
  • Traded on new 52-week-high value of 1508.40
  • Touched Upper Circuit Rs.1508.40
  • 3 months avg. volume of NSE: 2,91,592
  • Quantity traded: 1,82,529 | Deliverable quantity: 64,957 (35.59%)
  • Stock price has jumped more than 850% from one year low level: 128.20 (June 18, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 1508.40 | 52-week-low: 128.20

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1032.43

763.22

619.43

350.22

206.43

-

-

-

Fibonacci Pivot

763.22

605.45

507.98

445.21

350.22

255.23

192.45

94.98

-


Today’s Close

1502.35

SMA

BSE

10 DAY

1065.91

20 DAY

1004.42

50 DAY

923.55

200 DAY

561.45

Some Key Ratios (Source: BSE)

Market Cap: 5293.72 crores

PE: 8.46

OPM%: 36.62

ROE%: 34.65

Promoters holding%: 67.50

Prev. Close: 1257

*Chart And Technical Force data taken 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.