Crucial Support Broken
Short term view: Sell on Rally as it will take another quarter to reconstruct the price.
Long term view: Hold as: Discontinued operations at the leased facility (6,000 MTPA) and commenced operations at the new processing plant in G. Ragampeta(20,000 MTPA). The financial impact will be for short term due COVID-19.
Short term view: Sell on Rally as it will take another quarter to reconstruct the price.
Long term view: Hold as: Discontinued operations at the leased facility (6,000 MTPA) and commenced operations at the new processing plant in G. Ragampeta(20,000 MTPA). The financial impact will be for short term due COVID-19.
Note
As the leased facility & increase in Capex shows a good sign of recovery.As the correction in market is temporary, keep track of good counters.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.