Introduction

Gujarat Pipavav Port Ltd. is designed to handle bulk, container, liquid cargo, and RORO. The firm engages in providing port services, such as marine services, berth hire, wharfage, container handling, yard operations, stevedorage, and other activities incidental thereto within India

Observation

Stock takes support on 20-month EMA with rounding bottom pattern on monthly chart also shows a pin bar candlestick pattern on month. after breakout of 242 levels stock can go as high as 432 in long run you can see how much time it takes to reach 240 levels. Bullish crossover on July 2023 Rsi looks strong on all TF. But first let in breakout 242 when it's got stronger then we will enter.

Let's touch fundaments

Monthly Chart

Rounding Bottom

Bullish Crossover

News of the day

1. Larsen & Toubro secured "large" orders for establishing substations and transmission lines in India and abroad, according to a press release filed with the Indian bourses on Monday. The company classifies large orders as those between 25 billion Indian rupees and 50 billion rupees. In India, Larsen & Toubro will set up two 765-kilovolt double-circuit transmission line packages that are associated with the evacuation of power from Jaisalmer/ Barmer Renewable Energy Zone in Rajasthan to substations in Madhya Pradesh. Larsen & Toubro will build also build a 380kV substation and a 380kV overhead line segments in Saudi Arabia and construct a 220kV substation and three 132kv substations in UAE, the release said.

2. GAIL (India), the country's biggest natural gas distributor, has issued a tender seeking a cargo of liquefied natural gas (LNG) for delivery in September, two industry sources said on Monday. It is seeking the cargo for delivery on Sept. 3, 5 or 7 to the Dahej terminal. The tender closes on July 29.

3. Adani Wilmar reported a first-quarter profit on Monday, compared with a year-ago loss, helped by higher sales of its edible oils and foods such as basmati rice, sending its shares up more than 6% in afternoon trading. The company, a joint venture between Indian ports-to-power Adani group and Singapore's Wilmar International, reported a consolidated net profit of 3.13 billion rupees (₹307 crore in Indian rupees) for the April-June quarter. That compared with a year-ago loss of 789.2 million rupees (₹78.92 crore in Indian rupees). A 2% year-on-year rise in prices of palm oil — a key raw material — helped power an 8% jump in revenue in Adani Wilmar's mainstay edible oil segment. Sales volumes rose 12% in the business, which includes the 'Fortune' brand of oil and accounts for three-fourths of the company's total revenue.

Educational content

Tue Jul 30, 2024