Friday, November 27, 2020

APEX | Stock to Buy | Price Outlook

 

Apex Frozen Foods Ltd

Stock/Share Price: 281


➽ In this article we will discuss recent development in the StockShare of APEX in the Stock Market. Apex Frozen Foods is engaged integrated producer and exporter of shelf stable quality aquaculture products. The stock is still undervalue and has potential to outperform in coming future.

Recent Key Strengths

Company with Low Debt

Increasing Revenue every quarter for the past 2 quarters

Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge

FII / FPI or Institutions increasing their shareholding

Recent Results : Growth in Operating Profit with increase in operating margins (YoY)

Strong Momentum: Price above short, medium and long term moving averages

Hammer (Bullish Reversal)

MFs increased their shareholding last quarter



Recent Weaknesses

Inefficient use of assets to generate profits  

ROA declining in the last 2 years

-15.7% returns for Nifty 500 over 1.9 years

Annual net profit declining for last 2 years



Technical Chart 


APEX stock was in a long sideways zone and recently from the previous few trading session it has given out a breakout from the sideways zone with good volume. 
Long position in the stock can be made for the potential upside level of 334 -368 .

Recent Valuation Summary

APEX stock is available at low valuation and has potential to outperform in the future.


Recent Financial Summary


Both sales and profit increasing for the 3 previous year.




Thanks for your Precious Time.


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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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