Trending stocks: PSP Projects shares jump nearly 5%

NEW DELHI: Shares of PSP Projects Ltd. traded 4.86 per cent up in Tuesday's trade at 11:03AM (IST). Around 2,911 shares changed hands on the counter.

The counter opened at Rs 382.7 and touched an intraday high and low of Rs 391.5 and Rs 375.95, respectively, in the session so far. Shares of the company of PSP Projects Ltd. quoted a 52-week high of Rs 617.0 and a 52-week low of Rs 233.8.

Total market cap of the PSP Projects Ltd. stood at Rs 1404.0 crore at the time of writing this report.


PSP Projects is slated to announce its March quarter results on Tuesday.

Key Financials
The company reported consolidated sales of Rs 423.07 crore for the quarter ended 31-Dec-2019, up 35.55 per cent from previous quarter's Rs 312.11 crore and up 61.5 per cent from the year-ago quarter's Rs 261.97 crore.

The net profit for latest quarter stood at Rs 36.5222 crore, up 72.77 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 5.06 per cent stake in the firm, while foreign institutional investors held 1.27 per cent and the promoters 73.82 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 11.3 and a price-to-book ratio of 3.79. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

PSP Projects Ltd. belongs to the Construction & Contracting industry.