Japfa

From TA wise, we can see the beautiful chart patterns that is showing us the direction of this counter.
It has came down all the way from 80 cents to hit the low of 44.5 cents before bouncing off to close higher at 50 cents.

Is it out of the wood yet, I doubts so!

This is just a temporary reaction when the counter is going through a downtrend direction.


Short term wise, I think it may rise to retest 52 then 55 cents.

Not a call to buy or sell.


Looking at the Half year Financial nos.


Debts to Equity ratio = Total Liabilities / Equity = $1995.98 / $1146.79 = 1.74x . Anything above 1.00 is considered not a healthy level.

Cash and cash equivalents = $131.8m
Loans + Borrowing = $779m + $650m = $1429m.

The debts level is high.

FCF is also negative.

Pls dyodd.