GSPL_Long_only support levels to Buy_SIP
GSPL - a PSU, MCAP>₹ 17,000 Cr., IV>850 (really worthy to buy at low levels), RoE>18, RoCE>26, Less Debt, PEG<1, OPM>19%, (Investments+Reserves) = ₹ 10,000 Cr.
On Mar 2024, Promoters=37.63%, FII=15.67%, DII=24.74%, Govt=2%, Public=20%
As per the golden rule for any PSU with huge stake with FII/DII, its always GO WITH THE FLOW like buy at low levels when PE is low or at periodic/historic support level.
Note: High risk involved if FII/DII reduced their stake just like that. Still, GSPL is a potential quality stock for a long term.
On Mar 2024, Promoters=37.63%, FII=15.67%, DII=24.74%, Govt=2%, Public=20%
As per the golden rule for any PSU with huge stake with FII/DII, its always GO WITH THE FLOW like buy at low levels when PE is low or at periodic/historic support level.
Note: High risk involved if FII/DII reduced their stake just like that. Still, GSPL is a potential quality stock for a long term.
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