Watchout for Multi Year Breakout (Don't Miss)
Gujarat State Petronet (GSPL) is involved in the business activities of Transport via pipeline.
The Stock is ready to break out a multi year resistance soon. The stock from a technical standpoint is trading close to its 50 DMA and comfortably placed above its 200 DMA. There is a clear positive crossover of MACD line on daily charts signaling bullish view. RSI is also at perfect levels.
The Company is fundamentally sound. The company has a debt to equity of 49%, which signals a healthy balance sheet. An annual revenue growth of 30% is outstanding, Pre-tax margin of 20% is great, ROE of 35% is exceptional. Mutual Funds and FPI together hold around 36% stake in the stock.
Don't Miss to add above 280 levels for Targets of 350-370 with SL at 255.
Feel free to share your feedback and queries.
The Stock is ready to break out a multi year resistance soon. The stock from a technical standpoint is trading close to its 50 DMA and comfortably placed above its 200 DMA. There is a clear positive crossover of MACD line on daily charts signaling bullish view. RSI is also at perfect levels.
The Company is fundamentally sound. The company has a debt to equity of 49%, which signals a healthy balance sheet. An annual revenue growth of 30% is outstanding, Pre-tax margin of 20% is great, ROE of 35% is exceptional. Mutual Funds and FPI together hold around 36% stake in the stock.
Don't Miss to add above 280 levels for Targets of 350-370 with SL at 255.
Feel free to share your feedback and queries.
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