Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
Shree Renuka Sugars
Forecast of this stock
Posted by :
B.warrenTracked by: 1 Boarder
If you want to invest in futures, wait till it goes below 92....
In reply to:
Forecast of this stock
Posted by :
tl.prashant
how to plan an invesment into this futures? 
Forecast of this stock
Posted by : tl.prashantTracked by: 1 Boarder
how to plan an invesment into this futures?...
Sugar stocks on Watch
Posted by :
zoombusinessTracked by: 0 Boarder
Sugar companies\' shares rose 3-5% despite Finance Minister P. Chidambaram\'s comment that subvention extended to sugar exports should come to an end.
Chidambaram said he has spoken to the Ministry of Agriculture and Food regarding his view on the same, while adding \"enough sugar has been exported\". Unperturbed by his comments, Shree Renuka Sugars was up 3%, while Triveni Engineering, Balrampur Chini Mills, and Bajaj Hindusthan rose 5% each. \"Most companies would not really be looking at exports because of an expected decline in production in next two seasons due to uncertainty over cane pricing and delayed rains in Maharashtra, which is a major producer. \"Secondly you would not see a decline in top listed players like Bajaj Hindusthan and Balrampur Chini as they are based in Uttar Pradesh and do not export much because of very high freight costs. Most exports come from Maharashtra and southern players.
We also attributed gains to a relief rally after Thursday\'s fall. The shares are likely to rise 1-2% more intraday.Shree Renuka may touch 122 rupees, while Bajaj Hindusthan and Balrampur Chini may gain up to 172.50 rupees and 92.50 rupees, respectively.
-courtesy stoxandmore...
renuka suger sell at current level
Posted by : alfacoTracked by: 0 Boarder
market is SUPREME! sugar stocks are manipulated stocks. Think, if u r selling cane juice for Rs. 3 a glass, U want ur shop to be valued at more p/e than RIL, TCS, TATASTEEL, INFOSYS????????????...
In reply to:
renuka suger sell at current level
Posted by : marketbear
you forgot to add 75, 70, 60, 50, 40, 30, 20, 10, 0 ahead. Why are setting such useless targets as stock is bullish and buy at every decline. Renuka is buy below 100 level for short term. Stock can touch level between 124-130 within short term. Do not set lower targets only because you are short on the stock. It must backed by sentiment or technicals
renuka suger sell at current level
Posted by : marketbearTracked by: 0 Boarder
you forgot to add 75, 70, 60, 50, 40, 30, 20, 10, 0 ahead. Why are setting such useless targets as stock is bullish and buy at every decline. Renuka is buy below 100 level for short term. Stock can touch level between 124-130 within short term. Do not set lower targets only because you are short on the stock. It must backed by sentiment or technicals...
In reply to:
renuka suger sell at current level
Posted by : Guest
some peoples are playing in this script. so be conscious,,and don`t buy this stock on the falling market. you can be get traped one`s it will go down , upper target max 120 kind of level and on downwards it can go to 80 kind of level.. so
renuka suger sell at current level target 95 , 90 , 80.....
renuka suger sell at current level
Posted by : B.warrenTracked by: 0 Boarder
Three days back, one of the leading finintial newspaper recommended this share along with future expansion plans of the company. I think that might be the only reason of speculation....
In reply to:
renuka suger sell at current level
Posted by : Guest
some peoples are playing in this script. so be conscious,,and don`t buy this stock on the falling market. you can be get traped one`s it will go down , upper target max 120 kind of level and on downwards it can go to 80 kind of level.. so
renuka suger sell at current level target 95 , 90 , 80.....
renuka suger sell at current level
Posted by : GuestTracked by: 0 Boarder
some peoples are playing in this script. so be conscious,,and don`t buy this stock on the falling market. you can be get traped one`s it will go down , upper target max 120 kind of level and on downwards it can go to 80 kind of level.. so
renuka suger sell at current level target 95 , 90 , 80..... ...
Renuka sugers Resistance and Support level.
Posted by : GuestTracked by: 0 Boarder
yes, SEBI has their eyes on this scrip and we can expect some action...
In reply to:
Renuka sugers Resistance and Support level.
Posted by : Guest
There is some game going on this scrip. It is being artificially propped up..Today it went up without any rhyme or reason and when the market was falling heavily.......... SEBI must investigate. Investors are advised to stay far away....
Renuka sugers Resistance 113-114 Support 109
Posted by : GuestTracked by: 0 Boarder
i have today purchased one september future lot of renuka at 111. What do you think is the prospects....
In reply to:
Renuka sugers Resistance 113-114 Support 109
Posted by : 9975797577
Renuka sugers Resistance 113-114 Support 109
Renuka sugers Resistance and Support level.
Posted by : GuestTracked by: 0 Boarder
yes some peoples are playing in this script. so be conscious,,and don\\`t buy this stock on the falling market. you can be get traped one\\`s it will go down , upper target max 120 kind of level and on downwards it can go to 80 kind of level.. so
renuka suger sell at current level target 90 , 95 , 80........
In reply to:
Renuka sugers Resistance and Support level.
Posted by : Guest
There is some game going on this scrip. It is being artificially propped up..Today it went up without any rhyme or reason and when the market was falling heavily.......... SEBI must investigate. Investors are advised to stay far away....
Renuka sugers Resistance and Support level.
Posted by : GuestTracked by: 0 Boarder
There is some game going on this scrip. It is being artificially propped up..Today it went up without any rhyme or reason and when the market was falling heavily.......... SEBI must investigate. Investors are advised to stay far away.......
In reply to:
Renuka sugers Resistance and Support level.
Posted by : zoombusiness
Renuka sugers Resistance 112 Support 110
Renuka sugers Resistance and Support level.
Posted by : GuestTracked by: 0 Boarder
Dear zoombusiness
what do u advise if one has a Long position in renukas f&O at 121 levels..do u think rollover into October series should be thought.
plz advise
rgds
IFD...
In reply to:
Renuka sugers Resistance and Support level.
Posted by : zoombusiness
Renuka sugers Resistance 112 Support 110
Renuka sugers Resistance and Support level.
Posted by : zoombusinessTracked by: 0 Boarder
Renuka sugers Resistance 112 Support 110...
Renuka sugers Resistance 113-114 Support 109
Posted by : 9975797577Tracked by: 0 Boarder
Renuka sugers Resistance 113-114 Support 109...
Sugar in a sweet spot.
Posted by :
shareviewsTracked by: 0 Boarder
Extracts from an article in Indiainfoline:-
Quote:-
Sugar in a sweet spot
R Sree Ram / Mumbai Sep 22, 2008 17:08
The demand for sugar is expected to zoom in the coming months because even as the consumption is growing at a steady rate, the production is falling.
How do you find a sureshot winner in a bear market? One way is to pick a company whose products enjoy a robust demand even as supply constraints keep the prices buoyant. The sugar sector is precisely in such a sweet spot right now. The demand for sugar is expected to zoom in the coming months because even as the consumption is growing at a steady rate, the production is falling.
The drop in sugar production is because of a sharp 17.5% dip in sugarcane cultivation over the past year, the sugar year being from October to September. Two consecutive years of bumper crops have brought down cane prices, prompting the farmers to shift to more remunerative food grains. According to the Agriculture Ministry, the area under sugarcane has fallen from 5.3 million hectares last year to 4.37 million hectares this year. Analysts expect sugarcane acreage to further drop 10-12% this year.
As a result, the production too has declined from 28.3 million tonnes last year to 26 million tonnes this year. It is estimated to decline further to 20.1 million tonnes in 2008-9. On the other hand, consumption has been rising. India will consume an estimated 21.8 million tonnes of sugar in 2007-8 (Oct-Sept), and in 2008-9, this figure could touch 22.8 million tonnes. The mismatch in the demand and supply will cause prices to shoot up further and deplete the sugar buffer stock to 6 million tonnes from 9.6 million tonnes now. Analysts expect the prices to move up by 20% in the next one year.
The inventories in 2008 and 2009 are expected to be lower compared with that in the past two years. This will drive the sugar prices higher, says Bhavesh Gandhi, sugar analyst at India Infoline. The crunch period will start from September 2009 and continue till 2010.
Importing sugar may not help stabilise prices. The global prices of sugar are likely to stay firm because the largest producer, Brazil, is diverting most of its cane to ethanol blending. This will shrink global sugar production to 164 million tonnes next year from an estimated 168.4 million tonnes this year, even as global sugar consumption rises from 159 million tonnes to 164.5 million tonnes. So the landed cost of imported sugar may be the same as the domestic price. What does the rise in prices mean for sugar companies? For one, fatter bottom lines. Two months ago, sugar was selling at Rs 14.50 per kg. Now, the price has touched Rs 19.65. The companies are pocketing at least Rs 3 per kg which will be transferred to their bottom lines. This scenario will continue till September 2010, says Anil Advani, head of research at SBICAP Securities.
That\\`s not all. Large sugar producers have invested heavily in horizontal integration by setting up distilleries, power plants and ethanol blending facilities, which open up new streams of revenue. According to an estimate by Credit Suisse, selling alcohol and power to other user industries has the potential for these companies to earn Rs 6 more per kg of sugar.
Shree Renuka Sugars, for example, has steadily shifted its focus to allied products like biofuels. With 20% market share in the ethanol fuel market, the company will gain once the government mandates 10% ethanol blending in petrol from October 2008 as against 5% now. Power is an important revenue generator. Bajaj Hindusthan (BHL) generates 115 MW of power, of which about 90 MW is sold to the Uttar Pradesh power grid. Sugar companies are benefiting from peripheral products. So sugar is the icing and other things are adding to the bottom lines, says Advani. However, investors need to be cautious because the entry price has become critical. Analysts feel that most sugar stocks have already run up by over 15-25% and a correction is expected. Sugar stocks seem to be trading at over 10 times their expected September 2009-10 earnings and have factored in most of the upside. We should wait for a correction in the sugar sector, says Waqar Naqvi, CEO of Taurus Mutual Fund.
There are two major risks associated with the sugar sector. Firstly, it is a sensitive commodity in an inflationary environment. The government might import sugar and sell it at subsidised rates to garner votes in the coming polls. Secondly, the support price of cane may also be raised to appease the farmers. That might change the dynamics of the sugar industry. But for now, analysts say that Shree Renuka and Balrampur Chini are good picks. Shree Renuka is the best stock to be invested in because its financials are better than that of others, says Gandhi. The company\\`s sales rose 174% in the previous quarter even as Bajaj Hindusthan and Balrampur Chini saw a 4% and 13% drop in sales, respectively.
...
2 queries on Shree Renuka
More from the Sugar Sector
Boarders tracking Shree Renuka
see more News Updates on Shree Renuka
