Powerfulpicks advice: Many of you have asked me about REI Agro. After a long drawn consolidation, REI Agro has formed a base at 20. It will go up to 26-27 shortly. It can move further up to around 34, provided the company can show evidence on its balance sheet that it has repaid a significant portion of its debt and brought down the debt-equity ratio. We can expect this to happen over the next 6 months. So if you own this stock, hold it.
Fresh buying in terms of investment is not advised. If you like this sector, you can choose to invest into JVL Agro in the long term,buying in at dips.
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