- Key metrics:
- P/E: 12.92,
- 52-week high: ₹182.70,
- Volume: 3.11 million
- Technical analysis: Support at ₹138, resistance at ₹185.
- Risk factors: High revenue volatility due to reliance on specific, lumpy product launches (e.g., gRevlimid), intense regulatory scrutiny in US and international markets.
- Buy: above ₹1,085.
- Stop loss: ₹1,005.
- Target price: ₹1,220 (2 Months)
GPIL (CMP ₹284.85)
Why it’s recommended: Godawari Power & Ispat Ltd (GPIL), is an integrated steel manufacturer in Chhattisgarh, specializing in producing sponge iron, iron ore pellets, steel billets, wire rods, HB wire, ferroalloys, and operates captive power plants. A sharp reaction into the TS & KS bands, followed by a subsequent recovery, forming a nice rounding formation. A steady hold of the lower levels around the TS & KS bands augurs well for some upside if the market rebounds. A rise in the DI indicates we can initiate a long opportunity here, aiming for higher levels. Go long now.
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