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400 in 6 month
Posted by :
anoopsinghbaisSee it crossing 220 in next two days.till 13th the election day ,it was artificially suppressed ,and revival was expected after elections and so it has happened....
400 in 6 month
Posted by :
rajesh-lahotiwow, suger sector in light and renuka on driving seat.renuka`s 15 oct targate is 219, bajaj hindustan touch 211 and dhampur will seen 107....
400 in 6 month
Posted by : rajesh-lahotistock chart show renuka on uptrend. chart pattern show 14 oct renuka cross on 209 barrier.so keep it up. ...
400 in 6 month
Posted by :
abhaytiwsugar share never a good play in festival seasson but after 17 oct it will show it color...
400 in 6 month
Posted by : lasanbammakda do mahine se hold kiye hu.204 bhi cross nahi ho raha hai isse....
400 in 6 month
Posted by : kreR u very confident that Shree Renuka will cross 350 mark soon[i.e in 6months?]...
9th Day trading call/ jssnice@yahoo.co.in
Posted by : mitz
Dear Jaisankar,
Still no views on PSL LTD ??...
what is leavy price?IS MEDIA OR GOVT IRRESPONSIBLE
Posted by : abhaytiw
Levy sugar quota hiked to 20%
Prabha Jagannathan NEW DELHI
THE Centre on Thursday hiked the levy sugar quota for sugar mills from 10% (of the total output) to 20% for the new 2009-10 sugar year starting October 1. A notification detailing the hike is expected to be issued within a day or two.
However, this does not mean that the Below Poverty Line (BPL) consumers on the Public Distribution System (PDS) will get twice the quantum of sugar they accessed in 2007-08. Indications are that the objective of the increase in levy sugar quota or sugar supply to economically weaker consumers is merely to ensure a specific percentage of the total output in the 2008-09 year, which is down at 15 million tonnes from 26 million tonnes the previous year, and hence maintain the quantum of sugar stock. The output is expected to be lower in 2010-11.
Levy sugar is that portion of sugar production that the government takes away from mills at lower than market prices for supplying to the public distribution system (PDS).
The levy sugar bought by the government from sugar mills, at 10% of the total output of 26 million tonnes in 2007-08 sugar year, was 2.6 million tonnes. So, by a statistical sleight of hand, the UPA government will be able to supply the same quantum of sugar as last year to the weaker consumers on the PDS even while appearing to double the quantum.
The government will need to supply around three million tonnes of sugar (20% of 15 million tonnes of sugar produced in 2008-09) to BPL consumers on the PDS.
The decision to double the BPL quota for the coming year is primarily on account of the acute production shortfall and highly-priced imports which have added to spike retail prices phenomenally to over Rs 30 per kg of sugar.
...
Shree Renuka Seeks Brazilian Sugar Mills for Supplies
Posted by : pms.swastika
Shree Renuka Seeks Brazilian Sugar Mills for Supplies
Shree Renuka Ltd., plans to acquire rivals in Brazil to secure supplies as a global deficit drives prices to the highest in more than 28 years. The company plans to bid for Equipav SA Acucar e Alcool, the sugar and alcohol assets of Brazil’s Equipav Group, and is in exclusive talks with several other Brazilian producers for acquisitions, Managing Director said.
Sugar has more than doubled this year as production lagged behind demand in India and lower-than-expected output in Brazil, the top producer, worsened a global deficit.
“Assets in Brazil will protect us from the supply swings in India,” Murkumbi said. “Shortage or no shortage in India, we will be assured of supplies, which we can process and export to Asian countries.”
Coscan SA Industria e Comercio, Bunge Ltd. and Sao Martinho SA are among companies still in talks about possible bids for assets of Equipav SA Acucar e Alcool.
The sugar and alcohol producer, based in Promissao in Brazil’s Sao Paulo state, should receive bids by Oct. 14. The acquisitions may help Shree Renuka secure as much as 2 million metric tons, or about half its requirements of raw sugar, by 2011, MD said.
Regards
Swastika PMS
...
9th Day trading call/ jssnice@yahoo.co.in
Posted by : jaisankar
Buy Renuka Sugar@196 T-203/210 SL 193
Buy Exide Industries@95 T-99/103 SL 92
Buy Rel infra@ lower level 1320 range T-1348/1365
Siemens, Axis Bank also positive for day trading.
Rasipuram jaisankar...
400 in 6 month
Posted by : abhaytiwvery likely 400 in 6 month time...
Dear sir, R u sure abt Renuka sugars rally? What is ur near term target for this scrip?...
NSE Announcements on Shree Renuka
Posted by : MMB MessengerShree Renuka Sugars Limited has informed the Exchange regarding outcome of Board Meeting held on September 30, 2009. (1) The Company has acquired a ready to commission 30 MW co-generation power project at Panchganga in Maharashtra and other co-generation projects which are under development from its subsidiary, viz. M/s Shree Renuka Energy Limited. With commissioning of Panchganga co-generation power project, the exportable surplus power capacity of the Company will increase to 95 MW. Since the complete co-generation assets have been transferred to the Company, the equity stake held by the Company in Shree Renuka Energy Ltd. has been divested and the company has ceased to be a subsidiary of the Company w.e.f. September 30, 2009. (2) The Company has approved the appointment of Mr. G K Sood as an Additional and Whole Time Director of the Company w.e.f. September 30, 2009. (3) Incorporated Shree Renuka Global Ventures Ltd as a subsidiary company in Mauritius, for the Companys overseas acquisition plans....
NSE Announcements on Shree Renuka
Posted by : MMB MessengerShree Renuka Sugars Limited has informed the Exchange regarding Outcome of Board Meeting held on September 30, 2009. (1) During the current year the Company has achieved 1.01 million MT of sugar production upto September 29, 2009 including 0.63 million MT out of refining operations. The Company has successfully completed its 10th season of sugar manufacturing and to commemorate the same, the Board has approved an interim dividend @ 50% i.e. Rs.0.50 per equity share of face value of Re.1/- each for the financial year ending September 30, 2009. Further, the Board has also approved one time special dividend @ 50% i.e. Rs.0.50 per equity share of face value of Re.1/- each on the equity shares of the Company....
