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Balrampur?

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  #11  
Old 8th February 2007, 12:35 AM
neo neo is offline
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Default Re: Balrampur?

Today I saw an interview from CEO of Balrampur on CNBC. He sounds too bad, According to him, the current suger prices are less than their total cost. Also he told that the current suger production is 10% higher than demand and it would stay for atleast next 12 months. He wanted the UP govt and Indian govt to interfere and support suger prices, Which is unlikely, as we are facing an election in UP, so rising Suger prices would never be in the interest of Govt.

So all in all, we can see much lower levels for suger sector in near time, May be it is not right time to do bottom fishing yet in suger stocks. Sell Specifically those suger stocks which announced capacity expansion, as they are likely to hit most from this situation
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  #12  
Old 8th February 2007, 12:10 PM
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Default Re: Balrampur?

Thanks for the info...
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  #13  
Old 11th February 2007, 07:04 PM
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Default Re: Balrampur?

buy at Rs. 48 level.............hold for 6 months......target Rs.89
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  #14  
Old 11th February 2007, 11:11 PM
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Default Re: Balrampur?

Quote:
Originally Posted by circle zee View Post
buy at Rs. 48 level.............hold for 6 months......target Rs.89
Can you please share the source of this information...
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  #15  
Old 11th February 2007, 11:25 PM
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Default Re: Balrampur?

lol... my bad!
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  #16  
Old 11th February 2007, 11:30 PM
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Default Re: Balrampur?

hi i am new to traderji,
have got a lot of information in just a couple of day
thanks to u all...........
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  #17  
Old 11th February 2007, 11:34 PM
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Default Re: Balrampur?

balrampur chini may have further downside, but sugar stocks can bounce back any moment, got to keep an eye on ethanol pricing, exports, imports from pakisthan, and importantly the budget, i had bought it in oct @ 99 and sold in nov for 115......
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