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Buy PSP Projects Ltd For Target Rs.840 By JM Financial Services Partnership with Adani group to fasten PSP’s growth trajectory Promoters of PSP Projects (PSP) have agreed to sell 30.07% stake in the company to Adani Infra (India) for INR 6.85bn at INR 575/share, at 14% discount to the CMP of INR 672. Following are the details: * Promoters of PSP have signed an SPA with Adani Infra (India) to sell 30.07% stake in the company for INR 6.85bn. * As of Sept-24, the promoters held a 60.14% stake in PSP. Following the stake sale, their shareholdin...
Buy PSP Projects Ltd For Target Rs.840 By JM Financial Services
Buy PSP Projects Ltd For Target Rs.840 By JM Financial Services
Source: JM Financial Services
2024-12-03 11:13:08 am
PSP Projects jumps on securing work orders worth Rs 554.92 crore PSP Projects is currently trading at Rs. 691.95, up by 17.50 points or 2.59% from its previous closing of Rs. 674.45 on the BSE. The scrip opened at Rs. 679.85 and has touched a high and low of Rs. 708.90 and Rs. 673.70 respectively. So far 13629 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 816.20 on 28-Sep-2023 and a 52 week low of Rs. 598.00 on 20-Mar-2024. Last one week high and low of the scrip stood at ...
PSP Projects jumps on securing work orders worth Rs 554.92 crore
PSP Projects jumps on securing work orders worth Rs 554.92 crore
Source: Accord Fintech
2024-09-23 12:16:25 pm
Buy PSP Projects Ltd. For Target Rs.: 870 - JM Financial Securities PSP Projects’ (PSP) 3QFY24 PAT at INR 325mn (down 8% YoY) missed JMFe of INR 420mn (consensus: INR 419mn) due to lower margins. While revenue was ahead of expectations, EBITDA missed JMFe due to lower margin which was impacted by ECL provisions and UP project closure costs. As of Dec-23, PSP has o/s assets of INR 1.4bn pertaining to SDB project against which PSP has filed for claims of INR 5.4bn. PSP would prefer to settle it outside court with client (probably at a lower amount) or els...
Buy PSP Projects Ltd. For Target Rs.: 870 - JM Financial Securities
Buy PSP Projects Ltd. For Target Rs.: 870 - JM Financial Securities
Source: JM Financial Services
2024-05-01 11:34:22 am
PSP Projects surges on launching qualified institutional placement PSP Projects is currently trading at Rs. 712.95, up by 21.70 points or 3.14% from its previous closing of Rs. 691.25 on the BSE. The scrip opened at Rs. 696.15 and has touched a high and low of Rs. 715.10 and Rs. 696.15 respectively. So far 20316 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 598.00 on 20-Mar-2024. Last one week high and low of the scrip stood at ...
PSP Projects surges on launching qualified institutional placement
PSP Projects surges on launching qualified institutional placement
Source: Accord Fintech
2024-04-23 11:12:48 am
PSP Projects gains on bagging work orders worth Rs 410.06 crore PSP Projects is currently trading at Rs. 651.40, up by 7.70 points or 1.20% from its previous closing of Rs. 643.70 on the BSE. The scrip opened at Rs. 659.10 and has touched a high and low of Rs. 659.95 and Rs. 637.00 respectively. So far 1241 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 637.00 on 12-Mar-2024. Last one week high and low of the scrip stood at Rs...
PSP Projects gains on bagging work orders worth Rs 410.06 crore
PSP Projects gains on bagging work orders worth Rs 410.06 crore
Source: Accord Fintech
2024-03-12 09:57:40 am
PSP Projects jumps on bagging work order worth Rs 630.90 crore PSP Projects is currently trading at Rs. 735.00, up by 19.75 points or 2.76% from its previous closing of Rs. 715.25 on the BSE. The scrip opened at Rs. 725.95 and has touched a high and low of Rs. 746.50 and Rs. 720.75 respectively. So far 7060 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 652.15 on 16-Mar-2023. Last one week high and low of the scrip stood at R...
PSP Projects jumps on bagging work order worth Rs 630.90 crore
PSP Projects jumps on bagging work order worth Rs 630.90 crore
Source: Accord Fintech
2024-02-15 11:28:25 am
PSP Projects soars on receiving work orders worth Rs 935.41 crore PSP Projects is currently trading at Rs. 799.85, up by 22.20 points or 2.85% from its previous closing of Rs. 777.65 on the BSE. The scrip opened at Rs. 809.95 and has touched a high and low of Rs. 809.95 and Rs. 787.00 respectively. So far 4111 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 652.15 on 16-Mar-2023. Last one week high and low of the scrip stood at R...
PSP Projects soars on receiving work orders worth Rs 935.41 crore
PSP Projects soars on receiving work orders worth Rs 935.41 crore
Source: Accord Fintech
2024-02-08 10:46:04 am
PSP Projects inches up on emerging as lowest bidder for Gujarat project PSP Projects is currently trading at Rs. 739.15, up by 0.70 points or 0.09% from its previous closing of Rs. 738.45 on the BSE. The scrip opened at Rs. 745.00 and has touched a high and low of Rs. 745.00 and Rs. 721.05 respectively. So far 10708 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 652.15 on 16-Mar-2023. Last one week high and low of the scrip stood at R...
PSP Projects inches up on emerging as lowest bidder for Gujarat project
PSP Projects inches up on emerging as lowest bidder for Gujarat project
Source: Accord Fintech
2024-01-18 12:38:14 pm
Buy PSP Projects Ltd Target Rs.900 - JM Financial Institutional Securities Ltd PSP Projects’ (PSP) 2QFY24 PAT at INR 394mn (+72% YoY) was in-line with estimate of INR 383mn (consensus: INR 349mn). While revenue was ahead of expectations, EBITDA beat was relatively modest due to variance in revenue mix. Revenue grew by 70% YoY to INR 6.1bn (JMFe: INR 5.5bn) on low base. EBITDA grew by 91% YoY to INR 737mn (JMFe: INR 687mn). EBITDA margin expanded by 130bps YoY on a low base to 12.1% but was below our estimate of 12.5%. Gross debt rose sharply from INR 2.8bn in June...
Buy PSP Projects Ltd Target Rs.900 - JM Financial Institutional Securities Ltd
Buy PSP Projects Ltd Target Rs.900 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
2023-11-24 01:20:21 pm
PSP Projects surges on bagging multiple orders in Gujarat PSP Projects is currently trading at Rs. 738.00, up by 17.35 points or 2.41% from its previous closing of Rs. 720.65 on the BSE. The scrip opened at Rs. 739.00 and has touched a high and low of Rs. 746.65 and Rs. 731.25 respectively. So far 3989 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 23-Aug-2023 and a 52 week low of Rs. 563.00 on 31-Oct-2022. Last one week high and low of the scrip stood at R...
PSP Projects surges on bagging multiple orders in Gujarat
PSP Projects surges on bagging multiple orders in Gujarat
Source: Accord Fintech
2023-10-31 11:08:03 am