Espresso shot of the day – GTPL Hathway Ltd up by 12.40 percent

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Espresso shot of the day – GTPL Hathway Ltd up by 12.40 percent

August 09, 2021
Espresso shot of the day – GTPL Hathway Ltd up by 12.40 percent

GTPL HATHWAY LTD 226.60 (+12.40%) BSE – INE869I01013 | 9TH AUGUST 2021


GTPL Hathway Limited is the second largest Multi-Service Operator (MSO) in India engaged in cable TV distribution and high-speed broadband service distribution reaching an estimated 10.8+ million households in over 1,000 towns across 15 states in India, with presence in Gujarat, West Bengal, Maharashtra, Goa, Rajasthan, Assam, Jharkhand, Bihar, Andhra Pradesh, Tamil Nadu, Tripura, Odisha and Telangana. The company is the largest MSO in Gujarat and is the second-largest player in the cable market of West Bengal. GTPL also has a significant presence in all other markets. GTPL Broadband Pvt. Ltd. was incorporated in 2007 and is the 6th largest private wired broadband provider, with a vision to provide high-speed fibre broadband at affordable rates and currently has an active customer base of 6 lakhs+. The company is constantly striving to enhance and simplify their customers’ lives through quality services and products that give them the freedom to connect, converse, work, and be entertained anytime, anywhere.

Recent Drivers

  • On Aug 4, 2021, GTPL Hathway has acquired balance 9.80% (that is, 3,403 equity shares) of GTPL Zigma, subsidiary of the company at face value of Rs 10 each per share and pursuant to said acquisition, GTPL Zigma has become a wholly owned subsidiary of the company.
  • On July 19, 2021, GTPL Hathway reported quarterly net profit at Rs 47.46 crores in June 2021, up 16.14% from Rs 40.87 crores in June 2020.
  • On July 19, 2021, GTPL Hathway reported net sales at Rs 601.77 crores in June 2021, up 21.46% from Rs 495.46 crores in June 2020.
  • On June 28, 2021, the company entered into share subscription agreement to subscribe 2,21,409 equity shares of Rs 10 each of GTPL Vision at the rate of Rs 810 per share in lieu of partial settlement of the outstanding dues. The company has also entered into a share transfer agreement to acquire 75,000 equity shares of Rs 10 each of GTPL Vision at the rate of Rs 810 per share in cash consideration from existing shareholders. The increase in shareholding in GTPL Vision is strategic in nature. Presently, the company’s shareholding in GTPL Vision is 51% and post subscription and acquisition, it will increase by additional 43.12%. The transactions are expected to be completed within 6 months.
(Sources: Moneycontrol, BSEIndia, Business Standard)


Technical Force*

  • S&P BSE Small Cap month till date gain up by -0.65%
  • Traded on new 52-week-high value of 230.50
  • 3 months avg. volume of NSE: 2,13,891
  • Quantity traded: 80,378 | Deliverable quantity: 28,976 (36.05%)
  • Stock price has jumped more than 170% from one-year low level: 83.30 (Sept 24, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 230.50 | 52-week-low: 83.30

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

277.70

208.65

171.10

102.05

64.50

-

-

-

Fibonacci Pivot

208.65

167.93

142.77

126.57

102.05

77.53

61.33

36.17

-


Today’s Close

226.60

SMA

BSE

10 DAY

198.19

20 DAY

194.62

50 DAY

180.66

200 DAY

140.55


Some Key Ratios (Source: BSE)

Market Cap: 2,548.41 crores

PE: 18.76

OPM%: 20.34

ROE%: 18.05

Promoters holding%: 75

Prev. Close: 201.60

*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.