Sugar Sector

Ban lifted from Sugar futures

Ban lifted from Sugar futures The commodity market regulator's decision to, lift the ban from the sugar futures in the country paving the way for trading. It is to be mentioned here that the market watchers take the recently announced decision as an important step towards lifting all government controls over the industry.

BC Khatua, chairman of (FMC), said that the authority has now allowed the lapse of ban of the sugar futures trading and a decision on launching new contracts will now be taken in a span of the next 2-3 days.

Intraday Buy Call For Bajaj Hindustan

Intraday Buy Call For Bajaj HindustanStock market analyst Ramesh Arora has maintained 'buy' rating on Bajaj Hindustan Limited stock to achieve an intraday target of Rs 138.

According to analyst, the investors can purchase the stock with stop loss of Rs 130.

Today, the stock of the company opened at Rs 132.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 242.90 and a low of Rs 101.05 on BSE.

Current EPS & P/E ratio stood at 8.96 and 14.94 respectively.

Govt. likely to cut mills’ obligation on low-cost sugar issues

Govt. likely to cut mills’ obligation on low-cost sugar issues  According a major announcement made the Farm minister recently, it has been learned that the country is looking at allowing the sugar exports after the festive season in the month of November.

Triveni Engineering, Bullish trend

Triveni Engineering, Bullish trendSugar stocks lifted up athwart the panel on information a significant overseas brokerage has improved its vision on the Indian sugar business to appealing from heedful.

Triveni Engineering & Industries which is up by 4.70%, EID Parry (India) trailing up by 2.94%, Bajaj Hindusthan Sugar and Industries moving up by 2.35%, Bajaj Hindusthan elevating at 2.01%), Simbhaoli Sugars Mills with uptrend by 1.90% and DCM Shriram Industries up by 1.06%, inclination.

Buy Shree Renuka Sugars With Stop Loss Of Rs 78

Buy Shree Renuka Sugars With Stop Loss Of Rs 78Stock market analyst Ketan Karkhanis of ICICI Securities has maintained 'buy' rating on Shree Renuka Sugars Ltd stock to achieve a target of Rs 96.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 78.

The stock of the company, on Sep 27, closed at Rs 85.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Buy Balrampur Chini With A Target Of Rs 91.50

Buy Balrampur Chini With A Target Of Rs 91.50Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on Balrampur Chini Mills Limited stock with a target of Rs 91.10.

According to analyst, the interested investors can buy the stock with stop loss of Rs 85.70.

The stock of the company, on Sep 24, closed at Rs 46.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 167.30 and a low of Rs 67.10 on BSE.

Current EPS & P/E ratio stood at 6.09 and 15.07 respectively.

Buy Shree Renuka Sugars With Target Of Rs 84

Buy Shree Renuka Sugars With Target Of Rs 84Stock market analyst Ashwani Gujral has maintained 'buy' rating on Shree Renuka Sugars Ltd stock with a target of Rs 84.

The strict stop loss for the stock is Rs 62.

Today, the stock of the company opened at Rs 70.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Shree Renuka Sugars, on Sep 06, declared that it has altered the name of its Brazillan arm Equipav S. A. Acucar e Alcool (Equipav).

Buy Bajaj Hindustan With Stop Loss Of Rs 112

Buy Bajaj Hindustan With Stop Loss Of Rs 112Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on Bajaj Hindustan Ltd stock to achieve an intraday target of Rs 117.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 112.

The stock of the company, on August 31, closed at Rs 113.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 242.90 and a low of Rs 101.05 on BSE.

Current EPS & P/E ratio stood at 8.96 and 12.91 respectively.

Brazilian buy may enhance Renuka Sugars' bottomline in next quarter

Shree-Renuka-SugarsSugar-refiner Shree Renuka Sugars (SRSL) has informed that there has been an impressive two fold net profit rise in the June quarter of the ongoing financial year. But the company is looking forward to post superior net profit figure in the upcoming quarter.

As per the company officials, the company has got benefited from its overseas acquisitions in the reviewed quarter and it is expected to continue that performance in the coming quarter as well.

Buy Bajaj Hindustan With Target Of Rs 115

Buy Bajaj Hindustan With Target Of Rs 115Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on Bajaj Hindustan Ltd stock with target of Rs 121.

According to analyst, the investors can buy the stock on dips with stop loss of Rs 115.

The stock of the company, on August 11, closed at Rs 118.65 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 8.96 and 12.99 respectively.

The share price has seen a 52-week high of Rs 242.90 and a low of Rs 101.05 on BSE.

Bajaj Hindusthan posts net loss of Rs 14.91 crore

Bajaj-HindusthanIndia's largest sugar manufacturer Bajaj Hindusthan has announced its financial results for first quarter of the fiscal year 2010-11 and it has informed that, it has suffered a loss in this reviewed quarter as compared to the same quarter in last year.

The net loss of Bajaj Hindusthan was reported to be Rs 14.91 crore for the first quarter of the current year. For the same period of time, the net loss was Rs 60.08 crore in the previous year.

GMR June quarter net loss at Rs 31.07 crore

GMR-IndustriesSugar manufacturer GMR Industries has informed that it has suffered a loss in the June quarter of the current fiscal.

The firm has declared its Q1 financial results for the fiscal year 2010-11. The company has reported a net loss of Rs 31.07 crore for first quarter.

The company has suffered a superior loss in this year against last year. For the similar quarter in the preceding year, the company has posted a net loss of Rs 8 crore.

Sell Bajaj Hindustan With Stop Loss Of Rs 115

Sell Bajaj Hindustan With Stop Loss Of Rs 115Stock market analyst Anil Singhvi has maintained 'sell' rating on Bajaj Hindustan stock with intra-day target of Rs 105.

According to analyst, the investors can sell the stock with stop loss of Rs 115.

The analyst said that the stock may see more weakness, if it crosses Rs 103.

Today, the stock opened at Rs 112.50 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 12.98 and 8.75 respectively.

The share price has seen a 52-week high of Rs 242.90 and a low of Rs 101.05 on BSE.

Private sectors plea to decontrol sugar

Private sectors plea to decontrol sugarToday the Private and cooperative mills made appeal towards the Union government to get rid of the power on the sugar industry, opening with putting into pieces the release apparatus by which the government has planned on how much sugar can be vended in a month and when the levy compulsion to tender a assured segment of a mill's production for ration shops at the government-decided price.

Sugar decontrols 10 days away

Sugar decontrols 10 days awayAccording to Food and Agriculture Minister Sharad Pawar the suggestion for decontrolling the sugar domain shall be all set within next 10 days and passed on to other ministries for discussions.

At the moment the sugar segment is under the government's jurisdiction. The Food Ministry apportions the monthly allowance that the mills vend in the open market, and also via ration shops. Apart from this the mills are expected to sell 20 per cent of their production to the government for allocating under the PDS.

Government to prepare blueprint for regulating sugar sector

Sharad-PawarOn Tuesday, Agriculture minister Sharad Pawar said that soon the government will be preparing a blueprint for tightly and properly regulating the sugar sector.

This, he said, will be available within next 10 days and would be put before the cabinet in 3 months time for their consideration.

Government to impose import duty on sugar

Sharad-PawarThe government is expecting to levy import duty on sugar harvest in the month of August as it anticipates a buffer crop, the Union Agriculture Minister Sharad Pawar expressed on Saturday.

He further added that they shall be gathering the sowing information by the first week of August and after that they shall decide upon the issue. He also voiced that the sowing data offered by this date has been very promoting.

ISMA raises sugar output estimates

ISMA raises sugar output estimatesIndian Sugar Mills Association (ISMA), the industry body of the sugar mills said that the sugar output this year is going to be better and thus raised its estimates.

The reasons are the favorable climate and more area sown this sugar season which runs from October and runs till the following September.

As against the earlier forecast of ISMA that said that 23 million tonnes (mt) will be produced in FY 2011, the figures have now been revised to 25 mt.

Intraday Buy Call For Triveni Engg

Intraday Buy Call For Triveni EnggStock market analyst Salil Sharma is of the view that investors can buy Triveni Engineering & Industries Ltd stock with an intraday target of Rs 104-107.

According to analyst, the investors can buy the stock with stop loss of Rs 97.

The shares of the company, on June 29, closed at Rs 101.05 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 143.50 and a low of Rs 86 on BSE.

Current EPS & P/E ratio stood at 7.39 and 13.79 respectively.

Buy Shree Renuka Sugars With Target Of Rs 76

Buy Shree Renuka Sugars With Target Of Rs 76Stock market analyst Salil Sharma has maintained 'buy' rating on Shree Renuka Sugars Ltd stock to achieve a target of Rs 76.

According to analyst, the investors can hold the stock with stop loss of Rs 63.

The stock of the company, on June 29, closed at Rs 493.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.




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