espresso-shot-of-the-day-isgec-heavy-engineering-ltd-up-by-1702-percent

EspressoLogy

Espresso shot of the day – ISGEC Heavy Engineering Ltd up by 17.02 percent)

Espresso shot of the day – ISGEC Heavy Engineering Ltd up by 17.02 percent

June 28, 2021

ISGEC HEAVY ENGINEERING LTD 721.75 (+17.02%) BSE – INE858B01029 | 28TH JUNE 2021

Isgec Heavy Engineering Ltd. is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past 88 years. They rank 236 in the ET 500 listing, 220 in the Fortune India 500 listing What drives them is their motto - Engineering for Excellence. And they use their skills as qualified and experienced engineers to achieve excellence. Excellence in all they do, so that their clients may achieve excellence in all that they do. With 900 qualified engineers and as many technicians on board, they love the challenge of providing state-of-the-art, sustainable, sensible solutions to their vast and ever growing list of customers from around the world. Customers who have regularly placed repeat orders on them. Customers that are located in 91 Countries across 6 Continents.

Recent Drivers

  • On 28th June, 2021, In addition to Interim Dividend of Rs 2/- per Equity Share of Re. 1/- each (already disbursed), the Board of Directors recommends a Final Dividend of Rs 1/- per Equity Share of Re. 1/- each, out of profits of the Company, for the year ended 31st March, 2021, subject to the approval of Shareholders at the forthcoming Annual General Meeting. Dividend if approved by the Shareholders at the forthcoming Annual General Meeting shall be paid on or before October 11, 2021.
  • On 23rd June, 2021, ISGEC Heavy Engineering Ltd. has achieved the milestone of 100 CFBC Boilers.
  • On 4th June, 2021, ISGEC Heavy Engineering Ltd. announced that it has taken over the operations and maintenance of a 3X30 MW cogeneration plant for one of the leading alumina refineries in Odisha from 1 June 2021.
  • Isgec Heavy Engineering Ltd. reported quarterly net profit at Rs 66.25 crores in December 2020.
  • Isgec Heavy Engineering Ltd. reported net sales at Rs 1,392.46 crores in December 2020.
(Sources: Business Standard, Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE Small Cap month till date gain up by 6.42%
  • Touched Upper Circuit 740.15
  • Traded on new 52-week-high value of 740.15
  • 3 months avg qty of NSE : 1,73,169
  • Quantity traded: 2,25,242 | Deliverable quantity: 71,163 (31.59%)
  • Stock price has jumped more than 235 % from one year low level: 217 (July 30, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 740.15 | 52-week-low: 217

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

653.90

539.15

434.55

319.80

215.20

100.45

-

-

Fibonacci Pivot

539.15

455.36

403.59

370.25

319.80

269.35

236.01

184.24

100.45


Today’s Close

721.75

SMA

BSE

10 DAY

623.15

20 DAY

611.90

50 DAY

576.29

200 DAY

404.32


Some Key Ratios (Source: BSE)

Market Cap: 5,306.99 crores

PE: 31.17

OPM%: 7.98

ROE%: 10.91

Promoters holding%: 62.43

Prev. Close: 616.80

*Chart And Technical Force data taken 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 Comtrade 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.