Rajesh Satpute of Mangal Keshav Securities is of the view that Simbhaoli Sugars may go up to Rs 42.5.
Satpute told CNBC-Awaaz, "Sambhaoli Sugars is looking very strong on chart. The level of Rs 38-40 is important for the stock; if stock crosses this level it may go up to Rs 42.50."
The latest book value of the company is Rs 17.09 per share. At current value, the price-to-book value of the company was 2.46.