Good quarterly results brings the interest of investors back.
Source: Company presentation
Fundamentals Analysis:
Positives:
15.8% Increase in EBITDA.
Receipt of Provisional Certificate (PCOD) for Kharar Ludhiana Road Project (HAM)
Received Letter of Award (LOA) worth Rs. 10,355 Mn from NHAI for road project under Bharatmala Pariyojana (Package-III) in Karnataka under Hybrid Annuity Mode (HAM)
Execution of Concession Agreement with NHAI
Company’s Current Order Book is at Rs. 89,809 mn, which is comfortable and is expected to help the Company in carrying on its operations smoothly
Negatives:
The COVID-19 pandemic led to a nationwide lockdown halting economic activities across most sectors- Construction activities also came to halt & Toll Plazas were shut amid lockdown across the Country.
Technical analysis:
According to EMH, all the fundamental data should gets reflected in prices.
Recently It has closed above the 50 day MA and also broken the resistance line.
So, considering the current situations, stock will hit target of 90 and with strict stop loss of 49.
Also, there has been an increase in volume traded in last 3-4 trading sessions.
Fundamentals Analysis:
Positives:
15.8% Increase in EBITDA.
Receipt of Provisional Certificate (PCOD) for Kharar Ludhiana Road Project (HAM)
Received Letter of Award (LOA) worth Rs. 10,355 Mn from NHAI for road project under Bharatmala Pariyojana (Package-III) in Karnataka under Hybrid Annuity Mode (HAM)
Execution of Concession Agreement with NHAI
Company’s Current Order Book is at Rs. 89,809 mn, which is comfortable and is expected to help the Company in carrying on its operations smoothly
Negatives:
The COVID-19 pandemic led to a nationwide lockdown halting economic activities across most sectors- Construction activities also came to halt & Toll Plazas were shut amid lockdown across the Country.
Technical analysis:
According to EMH, all the fundamental data should gets reflected in prices.
Recently It has closed above the 50 day MA and also broken the resistance line.
So, considering the current situations, stock will hit target of 90 and with strict stop loss of 49.
Also, there has been an increase in volume traded in last 3-4 trading sessions.
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