PSP Projects looking to Push harder and forward

PSP Projects Limited is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. The company mainly offers construction value chain and provides end to end support in construction activities.

PSP Projects CMP is 777.60. Negative aspects of the company are declining annual net profits and promoter holding decreasing. Positive aspects of the company are no debt, improving cash from operations annual, FIIs are increasing stake, MFs are increasing stake.

Entry can be taken after closing above 780. Targets in the stock will be 800 and 819. Long term target in the stock will be 847 and 871. Stop loss in the stock should be maintained at closing below 707.