Jppower is a hero or Zero stock (highly risky bet can become zero)
Reasons for selecting this stock:
1.Technically forming Head and Shoulders pattern target could be RS10 minimum 1yr holding
And longterm (3yrs target -25)
2.jppower management continuously putting lot of efforts to reduce debt and their efforts are reflected in their hardwork .
3.JPPower management and ICICI securities reduced debt from 11000crs to 5000crs through Debt Restructuring method in 2020 and Again reduced 299.51crs debt this year(March 2021)so Net Debt remaining (5000crs-299.51crs=4700.49crs approx)
4.ICICI Securities has approx 12% stake in jppower which is a positive indication.
Reasons for selecting this stock:
1.Technically forming Head and Shoulders pattern target could be RS10 minimum 1yr holding
And longterm (3yrs target -25)
2.jppower management continuously putting lot of efforts to reduce debt and their efforts are reflected in their hardwork .
3.JPPower management and ICICI securities reduced debt from 11000crs to 5000crs through Debt Restructuring method in 2020 and Again reduced 299.51crs debt this year(March 2021)so Net Debt remaining (5000crs-299.51crs=4700.49crs approx)
4.ICICI Securities has approx 12% stake in jppower which is a positive indication.