Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

ICICI Direct is bullish on PSP Projects has recommended buy rating on the stock with a target price of Rs 710 in its research report dated August 11, 2022.

Buy PSP Projects: target of Rs 710: ICICI Direct

PSP Projects Q1 Review - Outlook Positive Albeit Impacted Execution: Axis Securities

With the receipt of above orders, the total work orders received during the financial year 2022-23 till date amounts to Rs806.89 crore.

PSP Projects secure new work orders worth Rs257.27 crore; stock gains ~1%

In the past 11 trading days, the stock price of PSP Projects has zoomed 31 per cent after promoters bought shares from the open market.

PSP Projects rallies 11%, nears record high on strong order book position

PSP Projects - Set To Enter The Big League: ICICI Direct

The project received is in Institutional, residential and precast Segment.

PSP Projects secures new order worth Rs154.89 crore

Buzzing stocks: PB Fintech, Bharti Airtel, NMDC, SBI Cards, IRB Infra, Time Technoplast, PSP Projects, Gufic Bio

Stocks that will see action on June 7, 2022

Siemens AG, promoter of the company, intends to purchase the LDA Business of Siemens, India. This proposal is based on the plan to carve out Siemens LDA business globally into a separate legal entity.

Market Movers: Antony Waste spikes 20% on big order; PSP Projects sees buying post record Q4

PSP Projects consolidated net profit rises 32.30% in the March 2022 quarter

The share touched a 52-week high of Rs 639 and a 52-week low of Rs 394 on 1 February 2022 and 18 May 2021 respectively.

PSP Projects gains after racking up orders worth Rs 940 crore

Following the announcement, the scrip advanced 3.23% to currently trade at Rs 543.20.

PSP Projects rises on bagging orders worth Rs 939 crore

PSP Projects is a civil construction company engaged in the business of making investments in joint ventures or partnerships or special purpose vehicles for development of townships, construction of residential-commercial premises, roads or bridges.

PSP Projects Ltd

PSP Projects Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy PSP Projects: target of Rs 710: ICICI Direct

PSP Projects Q1 Review - Outlook Positive Albeit Impacted Execution: Axis Securities

PSP Projects secure new work orders worth Rs257.27 crore; stock gains ~1%

PSP Projects rallies 11%, nears record high on strong order book position

PSP Projects - Set To Enter The Big League: ICICI Direct

PSP Projects secures new order worth Rs154.89 crore

Stocks that will see action on June 7, 2022

Market Movers: Antony Waste spikes 20% on big order; PSP Projects sees buying post record Q4

PSP Projects consolidated net profit rises 32.30% in the March 2022 quarter

PSP Projects Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy PSP Projects: target of Rs 710: ICICI Direct

PSP Projects Q1 Review - Outlook Positive Albeit Impacted Execution: Axis Securities

PSP Projects secure new work orders worth Rs257.27 crore; stock gains ~1%

PSP Projects rallies 11%, nears record high on strong order book position

PSP Projects - Set To Enter The Big League: ICICI Direct

PSP Projects secures new order worth Rs154.89 crore

Stocks that will see action on June 7, 2022

Market Movers: Antony Waste spikes 20% on big order; PSP Projects sees buying post record Q4

PSP Projects consolidated net profit rises 32.30% in the March 2022 quarter

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock