AT ONE TIME BYE BYE SUGARS IS NOW BUY BUY SUGARS.
I RECOMMENDED SUGARS IN JUNE-JULY PERIOD. I AND MY FAMILY HAD SOME POSITIONS. I RECOMMENDED DALMIA AT 12-12.50 RANGE IN JUNE. IN THAT PERIOD ALL SUGARS ARE AT THEIR YEARLY LOWS. SO I SUGGEST TO BUY FOR DOUBLE OR TRIPLE RETURNS FROM THEIR LOWS. WHEN THE MARKETS TAKE AS DIP, FOCUS TO BUY SUGARS. THE MORE THE INVENTORY, THE MORE PROFITS TO POUR. GOOD LUCK...----------------------------------------------------------------------------------------------------------
Dalmia Bharat Sugar and Industries can test Rs 24-25 in next six months, says SP Tulsian, sptulsian.com.
I RECOMMENDED SUGARS IN JUNE-JULY PERIOD. I AND MY FAMILY HAD SOME POSITIONS. I RECOMMENDED DALMIA AT 12-12.50 RANGE IN JUNE. IN THAT PERIOD ALL SUGARS ARE AT THEIR YEARLY LOWS. SO I SUGGEST TO BUY FOR DOUBLE OR TRIPLE RETURNS FROM THEIR LOWS. WHEN THE MARKETS TAKE AS DIP, FOCUS TO BUY SUGARS. THE MORE THE INVENTORY, THE MORE PROFITS TO POUR. GOOD LUCK...----------------------------------------------------------------------------------------------------------
Moneycontrol » News » Stocks » Expert Advice
Mon, Aug 13, 2012 at 09:50
Dalmia Bharat Sugar can test Rs 24-25: SP TulsianDalmia Bharat Sugar and Industries can test Rs 24-25 in next six months, says SP Tulsian, sptulsian.com. |
Tulsian told CNBC-TV18, "Dalmia Bharat Sugar has three sugar mills with a capacity of 22,500 tonne crushing per day with matching co-gen facility and & distillery of 80 KLPD. If you see the sugar performance of all the companies, the inventory gain in some of the cases, we have seen that happening though, that has not got reflected into the financial results of the Q1 of this company as well as of Balrampur Sugar."
He further added, "The main point or the triggers for these companies are the kind of inventory they are carrying in their books and the unrealized gain they are sitting on. In this case the company is having an inventory of close to about Rs 450 crore as on 30th June after they have declared the results for quarter ended June which has been quite good with PAT of close to about Rs 10 crore. So the inventory of Rs 450 crore has an unrealized gain of close to about Rs 45 crore."
"If you see the financial performance or the expected output from the UP it is estimated that probably the UP based sugar mills are going to perform the best because of the drought situation prevailing in the Maharashtra and Karnataka and more specially in the Eastern UP where the monsoon has been quite good. Because if you take a call on the Western UP and the Central UP the monsoon is slightly inferior than what the Eastern UP region has seen."
"The companies overall are likely to perform better in terms of the performance going ahead in view of the firm sugar prices now prevailing at about Rs 34-35 per kg. So, the crux for the recommendation that the whole of FY13 is likely to see an EPS of close to about Rs 6 for this stock. If you go by the book value parameter also the share is looking on fundamental basis quite cheap with book value of close to about Rs 54-55 and with expected EPS of close to about Rs 6 for FY13 as I said partly because of the inventory gain and partly because of the better working."'
"I think this looks a good midsize sugar mill, if you take a call on the Avadh Sugars, Upper Ganges or Simbhaoli Sugars or for that matter even Dhampur, Dhampur though have a higher capacity. So taking a relative call on all the sugar stocks and more specially if I focus on the UP based sugar mills this stock looks quite good and one can expect a price of Rs 24-25 in next six months or so."
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