Good short term upside can be seen!
Apex Frozen is just Rs. 13/- away from its important resistance i.e., Rs. 290/-. Once it is crossed, it going to give a sharp rise upto T1 340-350/-, T2 390-400/- with SL 230/-. Some of the major positives/ negatives from Fundamentally stand points are :
1. OM are getting better like pre-covid levels;
2. Sales are improving;
3. Borrowings are almost doubled in last 2-3 FYs; and
4. Inventories and Trade Receivables are all time high.
1. OM are getting better like pre-covid levels;
2. Sales are improving;
3. Borrowings are almost doubled in last 2-3 FYs; and
4. Inventories and Trade Receivables are all time high.
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