Gspl price volume action multiple breakout Buy gspl cmp 294 cmp tgt 350-400-450-500
ABOUT
Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013.
Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills.
KEY POINTS
Gas Transmission Business
The company is the second largest player in terms of gas transmission pipeline network operator in the country with its 2,694 km long pipeline network connecting various cities from Vapi to Jafrabad. GSPL has a well-established network in Gujarat having control over 25 out of 33 districts.
During FY20, It commissioned the Pipavav- Gundala pipeline thereby providing natural gas connectivity to Projects at Dahej-SEZ, Gundala, Anjar.
User Industries
The company is involved in supplying gas to various customers from several industries which includes refineries, steel plants, Power plants, Textile companies, Chemical companies, City Gas Distribution companies, Fertilisers plant, Petrochemical plants, Glass Industries, etc.
Product wise Revenue Break up
In FY20, The company had ~15% of revenues from transportation of gas through its pipeline network and ~ 84% of revenues from sale of natural gas primarily through its subsidiary Gujarat Gas Ltd.
Gujarat Gas Limited (~54% stake) - It is a subsidiary which is India's largest city gas distributor having its presence across 42 districts in the states of Gujarat, Punjab, Haryana, Rajasthan, MP, Maharashtra, Union territory of Dadra and Nagar Haveli. It is supplying gas to more than 14.4 lakhs residential, over 12,600 commercial & non commercial segments and 3,700 industrial customers. It is also supplying natural gas in the form of Compressed Natural Gas through 403 CNG stations catering to the automotive sector in operational areas.
It became a subsidiary after the company increased its stake in Gujarat Gas from ~26% to ~54% in FY18.
Special Purpose Vehicles
The company is implementing cross-country natural gas transmission pipelines through special purpose vehicles i.e. GSPL India Gasnet Ltd and GSPL India Transco Ltd. It holds 52% stake in both these SPVs.
Expansion Plans
The company has undertaken the expansion of its Gas Transmission pipeline linking northern and western regions. The pipeline will link Mehsana in Gujarat to Bathinda in Punjab at a cost of ~5,500 crore INR.
Part of GSPC
The company is promoted by Gujarat State Petroleum Corporation Ltd which is one of the leading oil & gas exploration, development and production companies in India. It is promoted by the Government of Gujarat along with its public sector undertakings.
Breakoutsignal
Kirloskar Ferrous FlagnPole breakout Kirloskar Ferrous FlagnPole breakout
Can look for tp of 400-450
Disclaimer : only for learning and educational purpose
TATA MOTORS Weekly ChartAccording to the weekly chart analysis, TATAMOTORS has been experiencing a prolonged downtrend. However, there is a possibility of a significant upward movement if the stock breaks out of this downward trend.
TATAMOTORS is the largest player in the electric vehicle market in India, making it an attractive investment opportunity. As a result, we are monitoring the stock closely and waiting for a breakout of the downtrend to take advantage of the potential profits that could be made.
This road-infra player decisively broke out of resistance zone!This road-infra player decisively broke out of the resistance zone!
NSE:HGINFRA
HG Infra is an infrastructure construction, development, and management company that is dedicated to developing road projects, including highways, bridges, and flyovers. With 92% of its order book coming from the Government sector and 8% from the private sector, HG Infra is majorly engaged in road construction activities through EPC Business with a focus on Hybrid Annuity Model (HAM) Projects. The company is also pre-qualified to independently bid for large EPC Projects and HAM Projects, making it a front-runner in the sector. The company is also expected to benefit from the big infra push from the Indian government!
Company posted a 49% increase in sequential quarterly revenue for Dec-22 quarter. Margins are improving since last 3 quarters. This is contributing positively to the earnings suggesting good times ahead. Current share price is less than the intrinsic value of the company showing undervaluation.
Price formed a new 52 week high after one month consolidation around the previous 52 week high zone with heavy volumes. Relative strength to the benchmark is also high and in an uptrend.
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