Thread by @TechnoFunda6

Case Study 4 : #PSPProjects
CMP – 435.65 (9/6/2021)

(Must read Thread 🧵for #TA & #FA learners)

Fundamentals Sound & Technically Strong Upmove 🚀Candidate !

#TechnoFundaInvesting

@caniravkaria @SandeepKrJainTS @rohanshah619 (Views Welcome) 🙏

1⃣

#PSPProjects Limited is a construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India.

#StockMarket #TechnoFunda #Investing

2⃣

It provides its services across construction value chain, ranging from planning & design to construction & post-construction activities, including MEP work & other interior fit outs to private and public sector enterprises.

#PSPProjects #StockMarket #TechnoFunda #Investing

3⃣

Historically, company was 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.

#PSPProjects #StockMarket #TechnoFunda #Investing

4⃣

🌟Few Fundamental Positives 🌟

✅Company Market Cap – 1523.70 Cr
✅TTM EPS – 20.53
✅TTM P/E – 20.62
✅Book Value – Rs. 137.03
✅Promoter Holding Pledge – 0%
✅#ROE - 31.20 & #ROCE - 40.70.

5⃣

Total Equity - 3.6 Cr Shares

✅Promoters Holding - 74.19%
✅ FII - 1.29% & MF - 5.52 %
✅Public Share Holding around 19% i.e., just ~ 68 lakh shares

#PSPProjects #TechnoFunda #Investing #StockMarket

6⃣

✅Company has delivered good profit growth of 56.22% CAGR over last 5 years

✅Company has a good return on equity (ROE) track record: 3 Years ROE 29.76%

✅Company has been maintaining a healthy dividend payout of 20.61%

#PSPProjects #TechnoFunda #Investing #StockMarket

7⃣

On 18th June 2021 company will declare its Q4 & FY20-21 Results which will take the stock to new highs.

#PSPProjects #TechnoFunda #Investing #StockMarket

8⃣

🌟Technical Analysis 🌟

After making a top ~530 level on 5 Feb 2021, stock started correcting.

After 1st week of May, #doublebottom pattern started forming with price taking support ~395 level. Neckline got broken on 3 June 2021 and then price took support at 200 SMA.

9⃣

Today (10 June 2021) price opened above 200 SMA and a strong #bullish candle is in making. Most probably it will be a bullish #marubozu.

Long positions can be initiated with SL around 415 for Target of around 500 - 505

🔟

Disclaimer : This is not a stock recommendation on PSP Projects . Just a case study for educational purpose explaining how #TechnoFunda Investing works.

Consult your Financial Advisor before Investing !

#PSPProjects #TechnoFunda #Investing #StockMarket