What to Buy and Why - Sugar Sectors
Caution - Markets are very volatile and directions are not yet confirmed.
Posted date - 9 April 2008
Reasons to Buy Sugar Stocks
1. Sugar output may drop 10% this year due to low yield and a late
start to the crushing season.
2. Sugarcane crop does not require any additional rain for maturing
unseasonal spells result in the crop maturing without full sucrose
content and also due to high humidity was another factor, that
affected the crop.
3. Current most of the sugar scrips are almost 47% down.
4. One more important reason is government has mandatory of
ethanol blending in oil. Sugar cane waste is one of the way to
produce ethanol, so this may increase some margins to sugar
stocks.
| Financial year |
Operating Income
(in crore) |
Net profit (in crore) |
| Sept 2007 |
1,708.0 |
45.6 |
| Sept 2006 |
1,450.9 |
190.8 |
| Sept 2005 |
837.6 |
140.3 |
| Sept 2004 |
497.4 |
61.0 |
Stock to Buy - Bajaj Hindustan Ltd
Financial earning of Bajaj Hindustan Ltd
Returns
CMP - Rs. 241.7
EPS - 4.10 (TTM)
PE - 58.69
Currently the stock is almost 39.4% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| Sept 2007 |
798.0 |
54.4 |
| Sept 2006 |
857.2 |
55.5 |
| Sept 2005 |
666.5 |
40.7 |
| Sept 2004 |
242.7 |
12.2 |
Stock to Buy - Shree Renuka Sugars Ltd
Financial earning of Shree Renuka Sugars Ltd
Stock to Buy - Triveni Engineering & Industries Ltd
Financial earning of Triveni Engineering & Industries Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| Sept 2007 |
1,908.2 |
75.4 |
| March 2006 |
1,199.3 |
131.5 |
| March 2005 |
964.9 |
99.5 |
| March 2004 |
593.9 |
17.7 |
Stock to Buy - Bannari Amman Sugars Ltd
Financial earning of Bannari Amman Sugars Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2007 |
793.2 |
90.2 |
| March 2006 |
632.6 |
76.9 |
| March 2005 |
489.1 |
51.3 |
| March 2004 |
469.5 |
38.7 |
Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but DayTradingShares.com does not warrant or guarantee their accuracy or date.
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Returns
CMP - Rs. 122.95
EPS - 0.62 (TTM)
PE - 196.57
Currently the stock is almost 42.5% down from its all time
high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Returns
CMP - Rs. 931.2
EPS - 24.38 (TTM)
PE - 38.15
Currently the stock is almost 20.2% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Returns
CMP - Rs. 945.8
EPS - 27.34(TTM)
PE - 34.58
Currently the stock is almost 30.4% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Following are the some well doing sugar stocks,
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