After our study KECL stock went up sharply with some good news but now things changed dramatically due to COVID 19.
The concerns discussed for this stock is likely to become a nightmare for the outlook for the company.
Some positives happened in the recent past like demonetizing of assets to reduce debt, new JV in regard to the EV Vehicles etc., may be vanished due to alarmingly rising debt in this lock down period.
The companies with higher debt will hit badly due to lock down.
Still it is at the par to the discussed price and some promising stocks now available at good valuations hence one need to focus on the blue chips at this point of time.
With thanks
Be and Make
The concerns discussed for this stock is likely to become a nightmare for the outlook for the company.
Some positives happened in the recent past like demonetizing of assets to reduce debt, new JV in regard to the EV Vehicles etc., may be vanished due to alarmingly rising debt in this lock down period.
The companies with higher debt will hit badly due to lock down.
Still it is at the par to the discussed price and some promising stocks now available at good valuations hence one need to focus on the blue chips at this point of time.
With thanks
Be and Make
No comments:
Post a Comment