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PSP

PSP Projects looking to Push harder and forwardPSP 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.
NSE:PSPPROJECT
by Happy_Candles_Investment
Short on Private Equity - BXA lot of people are thinking that this bear market is already in it's later innings. If anything, it's probably the opposite given that inflation has not yet broken, employment may only be starting to see it's cyclical decline, etc. Private equity has been heavily levered during this cycle, and in general has dumped gobs of $ into shit investments (see the amount of private equity $ flowing into crypto junk over the past 2 years for example) that will eventually need to be marked down. Private equity has long been very pro-cyclical, and as the bear shifts into a proper more traditional recession, the publicly traded PE giants should all fall in tandem. Some will get hurt worse than others - picking BX here simply since it's the largest. Other targets include firms like $KKR, $CG $APO, $OWL, or you can even just short the etf $PSP. AS of today (11/14/2022), a lot of these have retested top ends of bearish ranges and are getting smacked back down. With a big opex and things relatively pinned, I think there is still good opportunity through November to get good positions short of these, but I still think there will be chop for at least a little bit.
NYSE:BXShort
by GTStockmaster
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