Nava Bharat Ventures Ltd up by 7.62% - Traders Corners | Espresso

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Espresso shot of the day – Nava Bharat Ventures Ltd up by 7.62 percent

April 30, 2021
Espresso shot of the day – Nava Bharat Ventures Ltd up by 7.62 percent

NAVA BHARAT VENTURES LTD 78.40 (+7.62%) BSE – INE725A01022 | 30TH APRIL 2021

Established in 1972 as an Indian ferro alloys manufacturer, Nava Bharat Ventures Ltd. 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. 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.

Recent Drivers

  • On 20th April 2021, Sirona Hygiene announced that it has raised $ 3 million as a part of its Series A funding from Nava Bharat Ventures Ltd. and IAN fund.
  • On 6th April 2021, Nava Bharat Ventures Ltd. informed that it has resolved some of the long-pending metering and connectivity issues concerning a 60 MW independent power project located in Odisha.
  • On 5th April 2021, Nava Bharat Ventures Ltd. announced the that the 150 MW IPP of 100% subsidiary, Nava Bharat Energy India, Telangana, which was shut down in FY 2021, has resumed power generation following improved merchant power market and is now exporting power through Power Exchange.
  • Nava Bharat Ventures Ltd. reported quarterly net profit at Rs 118.45 crores in December 2020 up 169.04% from Rs 44.03 crores in December 2019.
  • Nava Bharat Ventures Ltd. reported net sales at Rs 660.13 crores in December 2020 up 21.49% from Rs 543.34 crores in December 2019.


(Sources: Moneycontrol, The Hindu Business Line, Business Standard)

Technical Force*

  • S&P BSE 500 month till date gain up by 0.45%
  • Traded on new 52 week High value 81.15
  • Spurt in Volume by more than 12.88 times compare to previous vol. 3 months avg volume- 1,82,784
  • Quantity traded 5,33,903 Deliverable quantity 2,51,451 (47.10%)
  • Stock price has jumped more than 130% from one year low level – 33.60, 19 May 2020
  • Daily RSI(14) is in overbought territory today
  • 52 week high- 81.15 | 52 week low­­- 33.60

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

157.77

126.48

94.97

63.68

32.17

0.88

-

-

Fibonacci Pivot

126.48

102.49

87.67

78.13

63.68

49.24

39.69

24.87

0.88


Today’s Close

78.40

SMA

BSE

10 DAY

73.11

20 DAY

73.09

50 DAY

69.70

200 DAY

59.35

Some Key Ratios (Source: BSE)

Market Cap: 1,226.13crores

PE: 8.17

OPM%: 23.10

ROE%: 4.40

Promoters holding: 47.87

Prev. Close: 72.85

*Chart And Technical Force data taken 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.