PSP Projects News

​​These companies are tracked by at least 10 analysts. Ujjivan Bank, Bandhan Bank, PSP Projects, Vedant Fashions, PNB Housing Finance, Prince Pipes & Fittings, Transport Corp, Greenpanel Industries, Galaxy Surfactants, and Somany Ceramics, could return at least 25%, according to average price targets on Bloomberg.

Historically, in an election year, two things happen: one some state governments tend to push for completion of infrastructure projects so that they may be showcased as achievements. Second, more money gets pumped into the system. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Before the general elections of 2024, there are many states which will be going for elections. Historically, in an election year, two things happen: one state government tends to push for completion of infrastructure projects so that they may showcase that as their achievements. Second, more money gets pumped into the system. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy" or a “hold”.

With election season kicking off with Karnataka state elections, the government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push. Many state governments may rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

PSP Projects, incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2876.40 Crore) operating in Construction sector.

With the upcoming state elections in 2024, infrastructure projects are expected to be a focus for the government. Increased government spending on infrastructure has been a trend in recent years, benefiting companies in the construction and engineering sector. The attention of investors is now shifting towards small companies involved in subcontract work for these projects. Four construction stocks listed on the NSE, NCC Limited, PSP Projects Limited, Larsen and Toubro Limited, and Ahluwalia Contracts (India) Limited, have scored well based on earnings, fundamentals, relative valuation, risk, and price momentum, according to Refinitiv's Stock Reports Plus.

With state elections kicking off with Karnataka, the government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push. Many state governments may rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

India's dependence on foreign capital is decreasing as the share of domestic institutional investors (DIIs) and individual investors in companies listed on the National Stock Exchange has surpassed 25% for the first time. The net inflow from DIIs reached Rs83,200 crore during the quarter.

UltraTech Cement's consolidated net profit fell 36% to Rs 1,666 crore for the fourth quarter ended March. Revenue from operations during the fourth quarter rose 18% to Rs 18,562 crore.

​Meanwhile, foreign investor Societe Generale has bought 1.7% of the company, according to bulk deal data available with NSE.

As we come closer to elections, both in states in 2023 and the general election of 2024. The government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push as many state governments rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Growth at reasonable prices (GARP) could be a helpful strategy to adopt in this market environment.

The government spending on infrastructure projects has remained at elevated levels for many years, this had a trickle down effect on many parts of the economy and specially companies which are ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Keeping in view the immense utility of the PSPs in grid stabilisation as well as meeting the peaking power demand, a need for formulating separate guidelines to promote PSPs was felt to set the direction of its development, the minsitry said in the guidelines.

PSP Projects, incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2527.56 Crore) operating in Construction sector.

Global brokerage firm Nomura believes Budget focus areas could include ‘subtle’ support of consumption, a strong focus on manufacturing with an emphasis on MSMEs, higher infrastructure spending, asset monetisation, and agriculture and rural spending.

The government's focus to build infra, support real estate demand and ambitious plans under the national infrastructure pipeline (NIP) will increase the demand for cement companies as well.

Axis Securities is positive on KNR Constructions, PNC Infratech, RITES, KEC International, and PSP Projects to do well among infra stocks. These stocks have given returns in the range of 2.35-12.63% so far this year on a year-to-date (YTD) basis. KEC International has offered negative 1.52% returns this year.

However, due to the recent rally in the stock price and limited upside on its TP, the brokerage downgrades its rating to ADD.

Malu Paper Mill, Salasar Techno Engg, PSP Projects, Jindal Worldwide and Shriram Pistons, hit their fresh 52-week highs during the day.

Hindalco, UPL, Tata Motors, SBI Life and L&T were among the top losers on NSE.

The Nifty Bank index was trading 0.8 per cent down at 43067.7.

Uniparts India will be listed at bourses on Monday. Its Rs 835.6 crore IPO was open was open between November 30 and December 2, sold in the range of Rs 548-577. It issue was overall subscribed more than 25.3 times.

While smallcap space might be still under pressure, some selective stocks are getting attention of the market. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Thanks to increased government spending on infrastructure, construction and contracting companies are back in focus, though only a select few. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

PSP Projects Ltd. key Products/Revenue Segments include Contract Revenue and Other Operating Revenue for the year ending 31-Mar-2021.

PSP Projects Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2300.22 Crore) operating in Construction sector.

The selected stocks from different sectors depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Besides, Baba Arts will hold its AGM. For stocks like MCX India, PSP Projects, TD Power Systems and Vikas Eco, today is the record date for determining shareholders' eligibility for the dividend payout.

Besides, Themis Medicare will hold its AGM. For stocks like Aarti Industries, Shyam Metalics, today is the record date for determining shareholders' eligibility for the dividend payout.

PSP Projects Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2345.94 Crore) operating in Construction sector.

PSP Projects Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2189.70 Crore) operating in Construction sector.

PSP Projects Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2196.18 Crore) operating in Construction sector.

The IT major Wipro announced the appointment of Wagner Jesus as country head and managing director for operations in Brazil. Wagner joined Wipro three years ago, taking the lead of the non-financial business cluster.

PSP Projects Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2290.50 Crore) operating in Construction sector.

According to Pranav Haldea, Managing Director, PRIME Database Group, this further showcases the rise of domestic investors and the huge counter-balancing role they have played to foreign investors. Also as on March 31, 2015, FPI share was 23.30 per cent while the combined share of DII, retail and HNI was just 18.47 per cent.

Britannia, Dr. Reddys, HDFC Bank, Maruti Suzuki and M&M were among the top losers on NSE in today's trade.

The Nifty Bank index closed 1.95 per cent up at 35358.7.

In the Nifty 50 index, 42 stocks ended in the green, while 8 stocks closed in the red in today's trade.