Sugar Stocks

nayadalal · #1 25th January 2007, 09:33 AM

Any idea what is likely to happen to sugar eg Bajaj Hindutan and Balrampur Chini in the short term. Even with lifting the import restrictions they are still moving down regularly.
Any possible change in direction anticipated?
Nayadalal

adviser · #2 25th January 2007, 12:32 PM

Hi Nayadalal,

Sugar stocks are most probably going to bottom-out soon. Most of the sugar stocks are trading around their 52-week lows. Based on their poor results in Jul-Sep qtr results, when production falls due to rainy season, they have corrected to these lows. But, the next two qtrs are good for sugar production. Therefore, in most likelihood, their stock prices are going to bounce back from these lows.

I have already recommended Balrampur Chini for long-term. In the short-term, Sakthi Sugar is looking good for buying at around 80-82 levels...

alpha1 · #3 25th January 2007, 03:54 PM

Any benefit in next fiscal year?

saamy · #4 25th January 2007, 06:50 PM

Triveni engineering is probably a good bet in this sector as its engineering divison is doing extremely well. Triveni engineering is also looking to demerge their business, which will unlock significant value but the demerger may take some more months.

umeshpune · #5 30th January 2007, 04:20 PM

Looks like some benefits are going to come for sugar Industry in the coming budget, there is lot of hue and cry by the sugar lobby which shelves out a lot of money in the elections

There has been a record sugar production and hence prices may not rise for the next three quarters, International prices are also rock bottom, on the other hand cane prices are on the upswing, hence expect some tax concessions to the industry, anyway sugar stocks are beaten down so badly, there is not much downward left

A Naga Prasad · #6 31st January 2007, 06:19 PM

Balrampur Chini better bet in medium term. Triveni-see track record n decide.

gemseeker05 · #7 1st February 2007, 11:36 PM

It seems that the Sugar industry is still not bottomed out.
New investors wait for Sugar stocks to consolidate before entering. In case you have decided to enter , then buy in bits and peices and with caution. Follow the saying " Don't catch the falling knife".

I like Bajaj Hindustan the best out of all Sugar stocks. Waiting for the levels of 150 prior to entering.

alpha1 · #8 2nd February 2007, 03:07 PM

^ What price did you buy it? + when

alpha1 · #9 2nd February 2007, 05:15 PM

Hmm ... you bought it recently - any reasons?
Frankly I would avoid all sugar stocks till the end of this fiscal.

If I had patience to wait for months - I could sit.
Otherwise - I would move out and search for greener pastures - like ummm engg stocks like Fedders Loyd or FMGoetze.

Anyway, thats just my viewpoint, and am not professional trader, broker or analyst.

SURESH OSWAL · #10 2nd February 2007, 08:41 PM

Namesta To All Dear Member, I Am Suresh New To Commodity Buss.want To Start Bussiness In Commodity I Have Lot Of Achievment Dreams . Today I Am Happy To Meet U All Now I Am Confident With Help Of U (big Brother) I Will Get Prepared.i Will Like Guiding From U All

Thanking U

Suresh Oswal
09322865409

Similar Threads for: Sugar Stocks
Thread	Thread Starter	Forum	Replies	Last Post
sugar stocks	rxalva	Equities	3	1st December 2006 01:52 PM
sugar stocks	laxmikant_76	Equities	2	24th July 2005 05:45 PM
Sugar stocks	rahulnanda2003	Equities	4	16th December 2004 10:48 AM