Fundamental Analysis: Godawari Power #Bullish for Long TermGodawari Power has been in momentum after breakout from multi-year resistance.
Q1 FY25 Highlights:
Achievement out of FY25 Revenue guidance till Q1:
Iron Ore Mining: achieved 20% of FY25 guidance in Q1
Iron Ore Pellets: 27%
Sponge Iron: 26%
Steel Billet: 23%
Ferro Alloys: 30%
Rollet Products: 21%
Iron ore mining:
Capacity expansion plan from 2.5 mn tonnes to 6 mn tonnes in cards.
Approval of the same expected by Dec'24.
Pellet:
expansion plan from 2.7 mn tonnes to 4.7 mn tonnes.
123 crore out of 600 crore capex plan spent so far.
completion of expansion expected by Q1 FY26.
Steel Plant:
Expansion plan from 0.5 mn tonnes to 2.5 mn tonnes with capex of 6000 crores to be completed by 36 months.
Solar Power:
Expansion from 145 MW to 235 MW with a project cost of 330 Crores in cards.Out of which 20 MW is completed;land acquisition for another 70 MW is going on.Project to be completed by Q1FY26.
Godawaripowerispat
GODAWARI POWER ISPAT - DAY CHART - 11.01.2023 - BAHAVAN CAPITALGODAWARI POWER & ISPAT as per day chart analysis
Stock ABOVE 406 TARGET 409
Once again FII Net selling had increased today at 2109.34 Cr and FII Net buying was at 1806.62 Cr.
From Jan 2nd - Jan 10th in these 7 trading sessions alone FII Net selling at 10125.91 Cr and DII Net Buying at 6286.99 Cr.
Bank Nifty looks weak with support at 41569 / 41295.
Nifty looks weak with Support at 17771
Happy Profitable Trading to all...
GODAWARI POWER ISPAT - DAY CHART - 22.12.2022 - BAHAVAN CAPITALGODAWARI POWER & ISPAT as per day chart analysis Stock ABOVE 350 TARGET 354.
Irrespective of consecutive 3 days market in red but today FII Net Buying at 928.63 Cr and DII Net Buying at 2206.59 Cr.
However Spike in Corona Virus with new variant should be watched out next week sessions for the market movement.
Pharma and Diagnostics Stocks may see some sharp movement if variant is a concern.
Happy Profitable Trading to all...
