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Exit level for Renuka Sugar Please guide
Posted by :
vatsh
There is a agitation in delhi by farmers.
If center is forced to increased the FRP rate as such sugar companies earnings will take a hit....
Exit level for Renuka Sugar Please guide
Posted by :
jpmodiyil
It will slowly move up until 20th, the day result going to be out. the result expected to be very strong and if that is the case this counter will give immediate 15 to 20% in a couple of days from result. This strip is the top pick in sugar sector and one of the top sector in this bull run.
218 is a strong support above 220 next 240-260 and 290. Hold this shares and you may book partial profit at 260. best luck
...
Exit level for Renuka Sugar Please guide
Posted by : nareshkrjainI purchased 200 shares @ 215/- what target level it has? Please guide...
LOOK LIKE THIS SUGAR CYCLE BELONGS TO RENUKA
Posted by :
abhaytiwshort term i not know may be 245 but if you hold up to may 2010 it should at least double...
Hold Shree Renuka Sugars
Posted by : insight95in
Shree Renuka Sugars
Hold
Price: Rs 230 Target Price (Sep’10): Rs208
Acquisition not material, stock fairly valued
* Acquisition augurs well for refinery strategy, but does not reduce
volatility- Shree Renuka (SRSL) recently announced acquisition of Vale Do
Ivai (VDI), a midsize sugar and ethanol company in Brazil with intent to
backward integrate its refineries in India. VDI can fulfill only ~20% of
requirement. More importantly, we believe VDI’s standalone performance
is more crucial as it will be part of consolidated statements (whether it
exports raw sugar to SRSL or otherwise), going forward. Moreover, VDI
may accentuate up-cycle/down-cycle impact as large portion of costs (like
cost of cane cultivation and overheads) are fixed in nature. We have not
modeled VDI performance as its financial and operational details are not
yet available.
* Higher cane prices largely off-set incremental cane sugar
realisations – We raise our sugar realisation estimate for FY10/11E by 20-
36% to Rs 28.8-26/kg respectively, in line with our outlook on sugar
prices. We think global and domestic sugar prices are likely to remain firm
as India’s production will lag consumption by 7mnt in FY10E and Brazil’s production is likely to start by Apr-May’10. However, post that, prices are
likely to soften as more clarity emerges on (a) sugarcane planting in India
and (b) Brazil’s ongoing production. We also raise our sugarcane price
assumption by 20-35% to Rs240-210/quintal for FY10/11E respectively as SRSL continues to follow its policy of sharing higher realisation with
farmers, leading to capped benefit of higher sugar realisation.
* Raise estimates for FY10/11E mainly driven by refinery EBITDA/volume- We raise our FY10/11E earnings by 148-92%
respectively to mainly reflect refinery performance. We increase our
refinery EBITDA assumption for FY10E by 187% to Rs9.4/kg (vs. Rs3.3/kg
earlier) led by higher sugar realisation, as SRSL has locked in raw sugar at lower levels. We increase our volume and margin estimate for FY11E by
48-27% respectively to reflect Mundra refinery operations.
* Raise target price, maintain Hold– We continue to value SRSL based on
1 year forward up- cycle multiple of 12x FY11EPS of Rs17.3 and arrive at
our Sep’10 (rolled forward from Sep’09) target price of Rs208 (from Rs142
earlier) and hence maintain Hold at current price (potential downside of
10%). We note that while stock price may track sugar prices in near term,
we think concerns over the longevity/severity of the cycle will eventually emerge, thus impacting valuation multiple. We believe key risks to our call are sugar/power realisation higher than our estimates and lower cane prices than our assumptions....
LOOK LIKE THIS SUGAR CYCLE BELONGS TO RENUKA
Posted by : justpassout
I hv 200 @ 229.90... should I Sell or hold?
wht will be next target?
Plz......
NEXT SEASON PROJECTED EPS 30
Posted by : abhaytiwANY BODY GUSS WHERE IT SHOULD BE...
Shree Renuka sugars
Posted by : mslmthis stock will climb upto 280 before end of nov-2009....
Brazil Acquisition
Posted by : rvk41
Shree Renuka Sugars (SRSL) has entered into definitive agreement for the acquisition of VALE DO (VDI), a Brazilian sugar and ethanol production company.
The enterprise value of VDI is USD 240 million. SRSL shall acquire 100% equity capital of VDI for approx. USD 82 million and the balance is the assumed debt which is to be repaid over 8 years.
The acquisition includes two sugar and ethanol production facilities located in the southern state of Parana with a combined cane crushing capacity of 3.1 million tons per annum
For information,with regards
rvk41
...
A sugar MNC in the making - Grab it , immediately
Posted by : GuestSher akhir sher hi rahega... Today, the co announced that it has acquired a ...
BSE Announcements on Shree Renuka
Posted by : MMB MessengerShree Renuka Sugars Ltd has informed BSE regarding a Press Release dated November 11, 2009 titled "Shree Renuka Sugars Acquires Sugar and Ethanol Company with Sugarcane Plantations in Brazil"...
NSE Announcements on Shree Renuka
Posted by : MMB MessengerShree Renuka Sugars Limited has informed the Exchange regarding a press release dated November 11, 2009, titled "Shree Renuka Sugars Acquires Sugar and Ethanol Company with Sugarcane Plantations in Brazil". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
Shree Renuka acquires Brazilian company
Posted by : pms.swastika
Shree Renuka acquires Brazilian company
Shree Renuka acquires Brazilian Company for $240 million.
Regards
Swastika PMS...
BSE Announcements on Shree Renuka
Posted by : MMB MessengerShree Renuka Sugars Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 20, 2009, inter alia, to consider and approved the Audited Annual Financial Results of the Company for the year ended September 30, 2009 (FY 09). ...
BSE Announcements on Shree Renuka
Posted by : MMB MessengerShree Renuka Sugars Ltd has informed BSE that the Company will be publishing Audited Financial results for the year ended September 30, 2009, within a period of 3 months, i.e. on or before December 31, 2009, instead of publishing un-audited results for the last quarter ended September 30, 2009. ...
