Question:

I want to know abt future prospects of bajaj hindustan sugar?

by  |  earlier

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i had 217 shares of bajaj hind sugar at 261/share. could anyone please advice me regardin this

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2 ANSWERS


  1. u should make exit at current level at 209 and re-inter at 170 which it is likely to break (170) .

    I from sugar industry. current realisation is less then production cost

    total sugarcane cost is Rs.1300 based on recovery of 10% @SAP of Rs.130.(SAP  is rulling price in UP). Concersion cost itself is Rs.200 apart from depreciation, interest etc. sales price is 1600.

    u can see there is no margin

    so the all sugar shares are headed fro downward journey.


  2. Please keep the shares, Sugar industries are going to do well.

    Addition of Ethanol in Petrol has been made compulsory by Govt. so, all the sugar industries will be doing good business in coming years.

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