Re:Sugar Sector

H

harmads

Member
#1
#1
Hi
Can someone throw some light on whether its good time to trade in Sugar stocks..since sugar is very seasonal sector. Will appreciate if you enumerate some good Sugar stocks to trade short term.
Thanks
 
trade.learner27

trade.learner27

Member
#3
#3
Re: Sugar Sector

Copy Pasted......

EID PARRY



The horizon is for twelve months and on a shorter term, the next three months are expected to be extremely robust. The biggest positive for the company is its location - South India, including 2 in Karnataka, being the state enjoying the highest sugar recovery in India of about 12%. Other sugar mills are located in Tamil Nadu, Andhra Pradesh and Pondicherry. All the mills are seeing a recovery of more than 11%. That will be a big boost for the company this season. Across the country, a 30% rise in sugar production is expected but Karnataka probably will be having a higher production because of which the company should be able to post maybe about 50% higher production than what they had produced last year. The value of its 62.76% stake in Coromandel International has not been factored into the share price and given the growth expected in the sugar and fertilizer sector, EID Parry promises overall growth. With a face value of Re.1/share, it is a good buy at current levels and it has potential to move to Rs.330 in next couple of months.

Regards
Arun
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
F Views on Sugar Sector for next 3 months Technical Analysis 7
chintan786 Sugar Sector - Has it become sweet Now Fundamental Analysis 0
S Shall I enter the sugar sector at current levels Equities 4
G what about sugar sector esply balramchini Equities 6
Traderji Sugar Sector Stocks begins Uptrend Equities 10

Similar threads