Ganesh Benzoplast Ltd up by 14.12 percent - Traders Corners | Espresso

EspressoLogy

Espresso Shot of the Day - Ganesh Benzoplast Ltd up by 14.12 percent

February 14, 2023
Espresso Shot of the Day - Ganesh Benzoplast Ltd up by 14.12 percent

GANESH BENZOPLAST LTD 168.55 (+14.12%) BSE – INE388A01029| 14th February 2023

https://www.myespresso.com/images/Espresso%20newsletter%20graph%20image_%20Ganesh%20Benzoplast140223%20-202302141802554573753.jpg

With its headquarters in Mumbai, India, Ganesh Benzoplast is one of the leading independent Liquid Storage Tank (LST) provider, specializing in the storage and handling of all liquid chemicals and oil products and has storage terminals at Jawaharlal Nehru Port Trust - JNPT (Navi Mumbai), Cochin Port Trust - Cochin and Mormugao Port Trust - Goa. GBL is also in the business of manufacturing of specialty chemicals, food preservatives and oil additives. They have two factories at MIDC Tarapur (Maharashtra). The company offers complete storage and handling solutions at 3 major ports providing storage capacity of 3,26,000 KL to cater various industries.


Recent Drivers

  • On February 7, 2023, Ganesh Benzoplast Ltd reported a quarterly net profit of Rs. 14.51 crores in December 2022, up 37.93% from the Rs.10.52 crores in December 2021.
  • On February 7, 2023, Ganesh Benzoplast Ltd reported a quarterly net sale of Rs 98.97 crores in December 2022.
  • The company announced on February 2,2023, that it has presold 10,200 KL capacity, which represents more than 50% of their new and upcoming capacity at the JNPT terminal, through long-term contracts, for storage and handling of liquid chemicals.
  • The committee of the Board of Directors of Ganesh Benzoplast Limited at their meeting held on December 30, 2022, inter alia allotted 28,25,000 Equity Shares of the face value of Rs. 1/- each at an issue price of Rs. 103/- (including a premium of Rs. 102/- per share), fully paid upon exercising the option available with the 23 warrant holders to convert 28,25,000 warrants held by them.
            (Sources: BSE, Money control, Business Standard)


Technical Force*

  • S&P BSE 200 month till date loss by 1.58%.
  • 3 months avg. NSE volume: 131,952
  • Quantity traded: 2,58,514| Deliverable quantity: 1,56,918 (60.70%)
  • Stock price jumped by more than 100 % from a one-year low level: 81.10 (Feb 25, 2022)
  • Daily RSI (14) is in oversold territory today.
  • 52-week-high: 172.70| 52-week-low: 81.10


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

247.90

201.95

173.00

127.05

98.10

52.15

23.20

-

Fibonacci Pivot

201.95

173.34

155.66

144.28

127.05

109.82

98.44

80.76

52.15


Today’s Close

168.55

SMA

BSE

10 DAY

143.31

20 DAY

142.79

50 DAY

130.62

200 DAY

75.77


Some Key Ratios (Source: BSE)

Market Cap:  1,098.68 Crores

PE:  23.54

OPM%: 49.75

ROE%:  15.20

Promoters holding%: 42.80

Prev. Close:  147.70


https://www.myespresso.com/images/espresso_shot_blog_credit_image-202212011811370680578.jpg

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.