years. Its a dark horse and sure multibagger stock. Another its Agro chemicals divison formed subsidairy to launch its Newly Patterned Pesticides in Latin -American countries like Brazil. Argentia, where huge untapped and required potential is there. Aditya Birla Nuvo - a similar Caustic
1.44 PM Mar 10th
extreme pain to clean out the excesses of previous years. I believe that 2014 will be the year in which most of the excesses (sugar inventory) will be cleaned out ( in terms of exports and consumption) from the system. The effects of the current drought in Brazil will be felt in 2015. At that point
11.22 PM Mar 8th
government and extremely bad weather expected to hit the Brazilian cane crop, resulting in lower supply from the world’s two largest producers. Fuelled by continued fear over the damage to output prospects in Brazil’s key centre-south region from a dearth of rain, raw sugar futures for delivery in May
11.02 PM Mar 8th
Has the sugar rally started ? Well, i feel that it is too early to say. Right now every Tom, Dick and Lisa are providing varying estimates about the shortfall in production. Conflicting reports are coming in every day about whether the drought in Brazil is severe enough to warrant a rise in sugar
6.04 PM Mar 7th
. Well yes India is definitely a stong economy amongst the EMs when we compare with the likes of Brazil, Turkey Indonesia etc.... but still the macroeconomic fundamentals are far from good. Also I am not convinced about BJP?NDA getting a majority in the forthcoming elections. Even if Modi manages
9.43 PM Mar 6th
But I guess the company acquired brazil mills at hefty valuations. Without improvement in ethanol price in brazil, no international player is interested in brazil companies. BUNGE is also considering selling their big mills. Lot of sellers and very little buyers.
1.20 PM Mar 6th
Just a view not an advice. Renuka`s indian operations are one of the best but their huge acquisition in brazil is a big drag on their accounts. Against current net worth of Rs. 1792 crores, it has investments in renuka global (holding company of brazil) amounting to Rs. 1821 crores. But this brazil
11.42 AM Mar 6th
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