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This Article is From Jun 23, 2022

PSP Projects - Set To Enter The Big League: ICICI Direct

PSP Projects - Set To Enter The Big League: ICICI Direct
A residential property developed by PSP Projects Ltd. (Source Company website)

BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Incorporated in 2008 by Prahladbhai Patel, PSP Projects Ltd. is one of the prominent contractors offering a diversified range of construction and allied services. Its focus remains on industrial, institutional, government, government residential and residential projects.

Key triggers for future price performance:

  • PSP's pre-qualification for public projects would rise to Rs 2,000 plus crore with the completion of the Surat Diamond Bourse project. Addition of big ticket sized project is expected to boost its overall order book position.

  • Strong focus by the government on affordable housing, smart cities mission and industrial corridors coupled with expected pick-up in private players' capex may translate into robust inflows for PSP.

  • Diversification in select states offers a bigger opportunity pie.

  • Significant traction and orders for pre-cast facility is likely to bring incremental benefits and associated revenue.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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