Just read this in ET: http://economictimes.indiatimes.com/news/politics-and-nation/yogi-adityanath-orders-probe-into-sale-of-21-sugar-mills-in-up/articleshow/58079636.cms
Very good article. Better days ahead, we can hope for structural changes.
@CommonMan
How do you convert Nasdaq sugar price to rupees ?
I see sugar quoting at $16.33 for 100 pounds from here
100 pound = 45.3 kg
Indian sugar is at ~ Rs.37/kg
1$ = 64.6
64.6*16.33/45.3 = Rs. 23 ??
What is the quantity/unit for Nasdaq features
Sugar sector scrips once shunned by ace investors attracts them as the days passedā¦ Dhampur sugar added one more ace investor with 1.1% stake as on 31st Mar 2017. With them, conviction increases with the longevity of this sugr rally.
Sugar stocks including Balrampur and Dhampur are on fireā¦Where is Mehnaz???
More on new cane variety thatās helping UP based mills
Hi, The current imported cost + refining cost of sugar is 33. Four rupees less than prevailing mill rate.
I do not have the exact cost break up.
We have to look out for two factors which can sweeten this bull run.
- UP govt adopting a long term solution for cane pricing. From the looks of it, the current UP govt is capable and keen to do it.
- Heat wave , monsoon el nino impact.
Who is the new investor ?
Dolly Khanna has 7.86 Lacs shares (1.18%) as per Q4 SHP .
I am participating in the present rally through balrampurā¦
Pragmatic. Good times ahead.
There is an article in todayās edition of Business Standard under the captionā¦āBest may be behind for Sugar scripsā. I am unable to access the info. Can anybody have read the articleā¦Pls share. Thanks
Stock keeping limits have been extended for another 6 months. Govt wants to curb sugar pricesā¦but its just further evidence that supply situation is very poor. There is a limit to the point until govt measures work.
I too hold Balrampur, but IMHO it is the worst stock to participate in the sugar rally. When all sugar stocks are up 50to100% in last 6 months it is hardly 20-30% up. I have observed that when there is a sugar rally, balrampur goes up 2-3% in a day while Dwarikesh and Dhampur are up 10% at leastā¦
Balrampur can move very high since it is included in F&O space. Good news for your favorite stock.Technically it is going strong.
Any suggestion about BAJAJ HIND , have moved sharply on last 2 days
Elephants move slowly, but are also much harder to stop!!
DISC: Invested.