GSPL has given breakout on 264 level with high volumes and strong momentum. The upcoming levels to watch is 290 /336 / 380. However it will be weak below 240 and best price to trade is 260-265.
ABOUT THE COMPANY: GSPLhas a presence in the entire energy value chain and is engaged in gas transmission, CGD, power generation, and IT. Its clients include refineries, steel plants, fertilizer units, power plants, textiles and chemical units. GSPL’s market cap is Rs. 14,694 crore. Its equity is Rs. 564 crore and reserves Rs. 7354 crore. The share is trading at eight times the estimated earnings of Rs. 28 and is attractively valued. For the September quarter, its income went up from Rs. 4181 crore to Rs. 4467 crore, while profit increased from Rs. 490 crore to Rs. 621 crore.
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