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BaluPamidipati

Apex Frozen

APEX FROZEN FOODS (NSE:APEX)  
BaluPamidipati Updated   
NSE:APEX   APEX FROZEN FOODS
Trend Analysis Fundamental Analysis
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trendanalysis fundamental
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.

Comment:
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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