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22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by :
sun124Dear abhayji why BHL under perform the market today . Iam sure that BHL out perform tomorrow . Am i right.?...
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by :
greatestmj
because the market fell!
today advances were only 100 and declines were 1000+
so just wait and as market goes up, this stock will over perform the market!...
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by : hummerume
says a person who has no identity.
please don`t confuse boarders with such comments. ...
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by : sun124Its a diamond of sugar sector.200 is very strong support . So with the risk of 12 to 15 Rs one can play for the target of 300 up to dec. 09 . ...
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by :
GuestIt is high risk stock. Better i can be avoided in future. Infra day guys playing in this counter. Leave this stock in this level for avoiding more loss. This stock is like catch the big fish with small fish....
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by : kapyarsudheesh4some one plz tell me why is it falling ?? ...
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by : BANKRUPTDear Abhay, thank you very much for your invaluable information and analysis. I will follow your footstep. Regards, S Nagaraj...
Govt may dilute states’ control over sugar prices
Prabha Jagannathan NEW DELHI
A DAY after the Centre came out with an ordinance amending the Essential Commodities Act, which replaced the sugarcane SMP with a “fair and remunerative price” from the current sugar season (October 2009-September 2010), process has been set in motion for the second part of the exercise. It involves an amendment of the Sugarcane Control Order, 1966, to dilute the right of the state governments to announce the State Advised Price (SAP) that is usually much higher than the Centre’s SMP for sugarcane. A notification in this regard is in the offing.
The Centre cannot take away the right of the states to announce SAP, as reinforced by the apex court in 2004 in a case involving Uttar Pradesh. So, the objective of the relevant amendments to the Sugarcane Control Order, 1966 is that in the event the sugarcane support price announced by state governments is higher than the fair and remunerative price, the burden falls on the states themselves.
In effect, it could mean that sugar millers will pay SAP in the five SAP states and the difference between the SAP and the fair and remunerative price will be reimbursed to them later. However, according to an industry official, this would not be feasible.
Meanwhile, Uttar Pradesh, the country’s second biggest sugarcane producer, raised the state-fixed minimum price paid to farmers for sugarcane by 18% to Rs 165 per quintal, compared to Rs 140 per quintal last year. The state government has also increased SAP for early maturing varieties of cane to Rs 170 from Rs 145, and prices for inferior grades to Rs 162.50 from Rs 137.50. The increase of Rs 25 is the highest annual increase by the state.
The higher minimum price will provide an additional Rs 2,100 crore to farmers in the state.
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ET NEWS
Posted by : abhaytiw
Sugar buyers fret as prices rise, but investors lovin’ it
Sugar Stocks Climb By Up To 30% In Just A Month Even As Sensex Stays Flat
Ram Sahgal & Vijay Gurav MUMBAI
BAJAJ Hindusthan, the nation’s biggest sugar producer led a rally in the sector’s stocks as investors lapped up the shares in anticipation of higher prices for the commodity due to lower supplies and a government rule that may free the companies from states’ clutches in terms of prices paid to cane producers.
Balrampur Chini Mills rose 5.27% to Rs 144.95, Dhampur Sugar gained 2.28% to Rs 112.15 and Bajaj Hindusthan advanced 4.93% to Rs 36.20 on the Bombay Stock Exchange on Monday.
Sugar prices are at multi-year highs and may rise as the sugar production in the current year 2009-10 is expected to remain flat around 15 million tonnes even as rising incomes increase the demand for the sweetener. Also, the government’s rule last week to fix “fair and remunerative price” eliminates the uncertainty of the past when different states fixed different prices with some state prices straining the finances of sugar companies. Now, any difference between the remunerative fixed price by the central government and a state recommended price has to be borne by the states, unlike in the past where sugar companies paid the farmers the states’ minimum support price. The sugar year runs from October to September.
“The move to bring in a fair and remunerative price is an extremely positive step as it removes the skew in pricing between different states,” said Vivek Saraogi, MD, Balrampur Chini. “With a uniform price across the country, efficeincy will be the sole parameter to differentiate between the boys and the men in the sugar industry.”
These stocks have risen between 21% and 30% in the past one month, outperforming the
BSE. Sensex has remained more or less flat during the period. Bajaj Hindusthan is the best outperformer among sugar stocks. It rose to a 52-week high of Rs 241.8 last Wednesday and gained about 30% during the month. Simbhaoli Sugars and Dhampur Sugar are the other two performers surging 23% and 21%, respectively. While Simbhaoli touched a high of Rs 76.9 on October 21, Dhampur climbed a peak at Rs 117 on Monday.
But some analysts caution that it may be an irrational exuberance to accumulate sugar stocks given the fact that the government has increased the levy sugar quota, i.e, a portion of sugar which the mills have to supply to the government-regulated public distribution shops at a fixed price. Also, the central government is yet to announce the fair price.
“The new minimum price to be fixed by the government would prove bullish for listed companies only if it is reasonably lower than the State Advised Price fixed by the states, including Uttar Pradesh,’’ said Ajay Parmar, head of research, institutional equities at Emkay Global Financial Services. “Most of the listed sugar stocks are from the UP belt. Therefore, the FRP would have to be substantially lower than the SAP to benefit companies such as, say, Balrampur Chini and Bajaj Hindusthan.”
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22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by : BANKRUPTcan i switch from Renuka to Bajaj Hind? what is your opinion? Please help. regards,...
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by : abhaytiwadd more not sell below 405 only buy chart it form cup and handdle formation so in 3 to 6 month time it make your investment beautyfull in 2006 when it make 598 high that time bajajhind disput in brother gooing on ,now in my view 22 oct is historic day for SAP PAYING SUGAR MILL...
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by : ankuronedge
Hi i had bought this stock last year in july. i have 424 qty at rs. 241/-
what should i do... wait for some more time or exit from this stock...
please help... Please guide me about it....
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by : abhaytiwtoday look like balrampur day with target of 152...
Can I Sell BHL now
Posted by : ankuronedge
Hi I had bought this stock last year at the price of 241.
Can i sell it now or wait for some more time.. i have 424 qty at the price of 241...anyone please help & guide me about it......
22 OCT NEWS MAKE BHL TO 10000CR MCAP
Posted by : scorpio76HI ABHAY.ANY TARGET FOR INTRADAY FOR BHL OR BALRAMPUR. PLS REPLY URGENT.GOOD LUCK....
