Nava Bharat Ventures Ltd up by 17.12% | Espresso Market Updates

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Espresso Shot of the Day - Nava Bharat Ventures Ltd up by 17.12 percent

May 19, 2022
Espresso Shot of the Day - Nava Bharat Ventures Ltd up by 17.12 percent

NAVA BHARAT VENTURES LTD 176.80  (+17.12%) BSE – INE725A01022 | 19THMAY 2022

https://www.myespresso.com/images/Binge-graph-image_-Nava-Bharat-Ventures-Ltd-202205191820555645928.jpg

Established in 1972 as an Indian ferro alloys manufacturer, Nava Bharat is now a multinational company, operating in India, South East Asia and Africa. They are a diversified group, with businesses in metals manufacturing, power, mining, agribusiness and healthcare; and they employ more than 1,000 people in operations across two continents. They now produce and supply over 200,000 tons of ferro alloys each year; operate several power plants of 743 MW; work with hundreds of sugarcane farmers to produce and process sugar as well as ethanol; and in 2017, their investments grew to include healthcare services as well. In 2010, their international assets grew to include Maamba Collieries, Zambia’s largest coal mine concessionaire, which has also led to the development of a 300 MW power plant in Zambia, in 2016. They are listed on both of India’s major stock exchanges - the NSE and the BSE.


Recent Drivers

  • On May 16, 2022, the company reported Net Sales of Rs.1, 016.47 crores in March 2022, up 47.6% from Rs.688.67 crores in March 2021.
  • On May 16, 2022, the company reported a Quarterly Net Profit of Rs.272.61 crores in March 2022, up 102.8% from Rs.134.42 crores in March 2021.
  • On May 16, 2022, the company approved a final dividend of Rs.6.00/- per share
  • On Mar 11, 2022, Nava Bharat Ventures Limited is gearing up to trend on the path of further organic and inorganic growth with an investment of $100 million.
(Sources: Moneycontrol, BSE, Business Line)


Technical Force*

  • S&P BSE SmallCap month till date gain up by -9.82%
  • Traded on new 52 week high value 180.95
  • Spurt in Volume by more than 3.00 times compare to previous vol. 3 months avg. volume: 1,32,882
  • Quantity traded: 5, 08,769 | Deliverable Quantity: 93,805 (18.44%)
  • Stock price jumped by more than 110% from a one-year low level: 85.50 (Jun 01, 2021)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 180.95 | 52-week-low: 85.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

218.97

175.98

143.07

100.08

67.17

24.18

-

    -

Fibonacci Pivot

175.98

146.99

129.08

117.54

100.08

82.63

71.09

53.18

24.18


Today’s Close

176.80

SMA

BSE

10 DAY

150.32

20 DAY

157.49

50 DAY

146.07

200 DAY

124.30


Some Key Ratios (Source: BSE)

Market Cap: 2,765.04 Crores

PE: 6.74

OPM%: 41.41

ROE%: 11.55

Promoters holding%: 49.51

Prev. Close: 150.95


*Chart and Technical Force data from the Binge desktop app
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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.