ZEEL - LOAN CLEARANCE EFFECT?
ZEEL HAD REPAID LOANS TAKEN FROM MFS TO THE TUNE OF 50-55%.
THEY HAVE AGREED TO REPAY COMPLETE BY SEPTEMBER 30TH.
ALSO, THEY HAVE ENTERED AGREEMENT WITH MFS NOT TO SELL THE PLEDGED SHARES.
WILL ALL THESE FACTORS MAKE THE RESISTANCE AT 370 OVERCOME AND THE SHARE PRICE REACH 400 LVL?
THEY HAVE AGREED TO REPAY COMPLETE BY SEPTEMBER 30TH.
ALSO, THEY HAVE ENTERED AGREEMENT WITH MFS NOT TO SELL THE PLEDGED SHARES.
WILL ALL THESE FACTORS MAKE THE RESISTANCE AT 370 OVERCOME AND THE SHARE PRICE REACH 400 LVL?
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