GRAVITA bullish on Chart Buy for Positional Investment ( 6 Sep 2017)

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in GRAVITA .

GRAVITA is looking bullish on Daily Charts & Bullish crossover in MACD and good positive reading at CCI shows strong trend in upside, therefore I recommend traders to go long around 135.50 with a price target of around 140 & Stop loss should be placed below 130”

Today's Market Update, Money Maker Research, Market News, Market Update, Stock News, Top 10 Stocks Advisory in India, Stock Advisory in Indore, BTST Call, free stock tips, intraday cash tips, Investment Advisory, Stock tips today, Intraday trading tips, Indian rupee, Indian stock market, best stock advisory company in India, Best Stock Advisory in India, Top Stock Advisory in India, Stock Cash Tips, Best Equity Tips, Nifty Future and Option Tips, Intraday Nifty Tips, Accurate Share Tips, Best Commodity, Best Stock Advisor

Gravita India Limited is engaged in manufacturing of lead. The Company’s segments include manufacturing, turnkey projects. The Company’s manufacturing segment manufactures lead (through lead smelting), lead refining and other products. Its turnkey projects segment facilitates and fabricates lead recycling, smelting and refining plants.

Infrastructure spending, Strong Automotive Sales globally, coupled with hike in LME Prices boosted the demand of Lead in F.Y. 2016-17 & this year as well. Infrastructure and automobile industries are the main demand drivers for Lead in India. During the year the operational efficiency of the company increased and the year 2016-17 resulted in an exceptional year where the revenues and profitability of the company increased significantly and company reported a life time high Turnover and Profit.

The company’s Q1FY18 consolidated net profit also increased 47.3 percent at Rs 10.9 crore against Rs 7.4 crore, in a year ago period. The revenue of the company jumped 46 percent to Rs 201.5 crore versus RS 138 crore. The operating profit (EBITDA) was up 0.8 percent at Rs 18.9 crore and EBITDA margin was up at 10 percent.

GRAVITA was closed 3.51 percent up today at Rs 129.80 at NSE.

Please follow and like us:

PC Thomas Money Maker

Money Maker Research Investment & Investment Advisor Pvt Ltd is one of the reputed names in the Capital market. It provides the best stock and commodity market advice with expert views, the latest company results, and the best market-intensive news & updates.
Close Menu
Social media & sharing icons powered by UltimatelySocial