This is the good time for booking profit in the shares. Presently it trading at 52 week high. There is a problem regarding fixation of minimum price of cane. If the govt increases the prices of the cane, which mills have to pay this additional amount. There is hit on the profit of the comanies. Due to this we should book profit in renuka sugars presently....

Why is the stock falling so much today? are all boarders just using the platform to profit by providing misguided information?...

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....

this is not insider trading.it is basically the promoters taking equity as part of the preferential allotment given to them at rs 12 per share and bring more capital into the company. Mr Murthy seems to have a horrible experience with his investments and seems to be giving unwarranted opinions about the company. Mr Murthy please be practical....

Sugar counters looking anywhere close to what you would like to get into them right now? There is only one of those sugar stocks which is a little more confidence inspiring in these conditions and that is Renuka Sugar, that did not fall all that much. It is not as volatile on market declines. That means it does not fall as much as the other stocks do. The Balrampur’s and Bajaj Hindustan’s have tended to fall very sharply somewhat unexpectedly not even on day’s market fall, so given that if I have to have some sugar exposure it would be probably Shree Renuka. ...

Addition of 1.5 crore shares by mutual fund is great news. But then who is selling. The transactions have taken place without affecting the price on either side. Do anybody know - why. ...

This stock is in accumulation phase , have started bouncing back , Target 25 around Diwali...

100% correct see it is again at 230 + levels. A strong result will give it additional boost. Cheers

Jay...

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



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Sugar counters looking anywhere close to what you would like to get into them right now?

There is only one of those sugar stocks which is a little more confidence inspiring in these conditions and that is Renuka Sugar, that did not fall all that much. It is not as volatile on market declines. That means it does not fall as much as the other stocks do. The Balrampur’s and Bajaj Hindustan’s have tended to fall very sharply somewhat unexpectedly not even on day’s market fall, so given that if I have to have some sugar exposure it would be probably Shree Renuka.

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Shares531687 Karuturi Global Ltd Karuturi Sai Ramakrishna 28/10/2009 B 22800000 acquired by the promotor- details from a web site...

THANKS FOR THE INFO

...

DEAR ANU I AM FINDING YOUR ARGUMENT WITH FELLOW BOARDERS. THIS IS THE ANSWER TO ALL. SEE IN SEPT 09 HOW MANY FUNDS BOUGHT THIS HARE. SEE BELOW.

MF Action in Karuturi Global : Bought by 11 schemes | Sold by 2 schemes
Karuturi Global held by mutual funds over the last 6 months

Scheme Name Apr `09 May `09 Jun `09 Jul `09 Aug `09 Sep `09 Assets
-- No. of shares -- No. of shr % (Rs.cr)
Bharti AXA Equity Fund -RP (G) - - - - - 1,026,298 2.22 80.21
Bharti AXA Equity Fund-Eco (G) - - - - - 106,876 2.22 8.35
Bharti AXA Reg. Return-EP (G) - - - - - 15,763 0.80 3.42
Bharti AXA Reg. Return-RP (G) - - - - - 50,624 0.80 10.98
Bharti AXA Tax Advtg -Eco (G) - - - - - 14,994 2.47 1.05
Bharti AXA Tax Advtg -RP (G) - - - - - 97,443 2.47 6.84
Escorts Infrastructure (G) - - - - - 23,614 0.58 7.06
Escorts Tax Plan (G) 53,874 47,261 54,327 36,378 37,562 37,134 1.30 4.96
IDFC Premier Equity - A (G) - - - - - 8,568,212 1.47 1,014.27
IDFC Premier Equity - B (G) - - - - - 434,928 1.47 51.49
IDFC Small&Midcap Eqty -G - - - - - 4,500,000 2.67 268.10
Sundaram Rural India Fund (G) - - - 1,000,008 1,998,706 2,492,816 1.48 292.16
Sundaram Select Small Cap (G) 1,982,410 1,982,410 1,982,781 1,982,410 1,981,128 1,976,713 1.06 325.51
TOTAL 2,036,284 2,029,671 2,037,108 3,018,796 4,017,396 19,345,415

FROM 4017396 IT JUMPED TO 19 345 415.

CHEERS.

JAY

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Karuturi Global Vows to Make Ethiopia World’s Leading Flower Exporter
Addis Ababa (October 13, 2009) - Sai Ramakrishna Karuturi , Managing Director of Karuturi Global of India vowed to make Ethiopia the leading cut flower exporting country in the world.

In an exclusive interview with ENA on Monday, Company Managing Director, Sia Ramakriskna Karuturi said his company, which is engaged in flower farm development on 50 hectares, has planed to expand on 50 more hectares beginning until December.

The Director said the company would cover fully the 435 hectares of land it took in Wolliso Town with flower farm by 2011.

The director said when the Wolliso o flower farm is fully developed by 2011; it will make Ethiopia the leading cut flower exporter in the world.

The director said currently 125, 000 cut flowers are produced from Holeta and Woliso farms per day. The volume of export will be increased from time to time.

The company has begun exporting cut flowers from Ethiopia to the Middle East, Holland and Russia since 2006.

Up Sound

Ramakriskna said the Company has also palm tree, sugarcane and rice farms in Etang, Gambella State covering 300,000 hectares, and 11,000 corn and vegetable farms in Bako, Oromia State, he said.

The director said the Gambella project in which 350 million USD is invested would develop cereals, oilseeds, palm oil, sugar and rice on 100,000 hectares of land in the coming three years.

He said the rice and maize production would be used for consumption in domestic and COMESA region.

The company has shelled out 490 million USD on all farms launched in Ethiopia.

The company has created jobs for 3000 people in all project areas so far.

Ramakrishna said the Ethiopian government officials are very supportive for what his company is doing.

The company is operating in Kenya, Dubai, Holland and India in the areas of floriculture, agro-based products, food processing, IT and others.

Source: ENA
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