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Posted by :
harendrakpvolume has gone drastically low and so as the number of trades. This counter appears -ve in short term!...
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Posted by :
maximindiaWhat govt can do?It has already put stock ceiling on shops and end users.Govt cant create sugar.Only thing it can do is import at Rs 50/kg and sell at Rs 40/kg.But govt is not in a position to increase fiscal deficit.So prices r going up up everyday even now.BUY BUY BUY....
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Posted by :
nebucanazzaHah..look at dal and rice. The price appreciation there affects people much more than sugar. Besides, the Govt has already taken all the interventionist steps it could have taken. There is a genuine shortage of sugar and the prices have to go up.Since the govt cannot control international prices and import is a necessity, it has to subsidize imported sugar to reduce prices. Now that would be real political suicide. Also don`t forget that our great agriculture minister has a big stake in keeping sugar barons happy :D...
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Posted by :
celestineYes. Any govt will intervene if the sugar prices goes to Rs.50/kg. No govt will ever tolerate that as it means committing political sucide! So they will bring in legislation to control the prices and no one is going to raise an eyebrow for this.So always keep a watchful eye over your sugar stocks. It can turn bitter anytime!! But for the moment, it remains very very sweet indeed!!...
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Posted by : HeinleinIf sugar price goes to Rs 50, won`t the Government intervene? It would be political suicide to sit tight with basic commodities so expensive!...
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Posted by : javahar_peralam
Is it the right time to enter. Wat will be the target and the time line.
Please help me to make money....
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Posted by : Dharmender1976I know. Lolz! :)...
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Posted by : maximindiaDharmender U too missed one zero typing 2000 instead of 20000.To err is human and v r not animals.Hv sugary days ahead as sugar price jump to Rs 50/kg in 3 months....
Dividend
Posted by : Dharmender1976Yes, if you hold DSM shares between Feb 18 - 25, 2010....
please reply
Posted by : Dharmender1976If you hold DSM share till 25th Feb 2010 then you will get the dividend. ...
Will it go to 200?
Posted by : Dharmender1976
I think the target of 45 was given when it was trading around 32 in Feb 2009.
I agree completely that these trading houses gives a buy rating only when the stocks are trading around there 52 highs. Perhaps they need retail investor`s participation to offload their holding at such highs, thus they give a buy rating to lure them!!!...
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Posted by : Dharmender1976
Now it makes sense. So you meant 2,00,000tonnes but typed 20,000 tonnes by mistake in your original post. A zero here and there always makes a lot difference.
Thanks for the info on sugar recovery from cane crushing. It is very informative!...
Will it go to 200?
Posted by : madan
There are research report floating around for it going up to 180 to 200
Pity is that such report comes around when stock already touched 52W high and hit 140 and not when it was struggling in 90-110 range
An older report stated target of 45
So fair weather friends say it would go up for umpteen number of reasons. Tariff increase on power generated, sugar price going up, low P/E etc.
I am associated with this company since my childhood though not as investor but being born at a stone-throw distance from the now modernized sugar. We use to wait for its siren to confirm timings of the day in good old days when even watches/clocks were a luxury.
It has definitely done exceedingly done well compared to its peer on the opposite side of my village where sugar mill of Upper Ganges Sugar is there. Being a Birla prodigy that used to pay farmer cash whereas for DSM it was credit of days/months but now it stand apart Upper Ganges Mill at Seohara is no comparison with some more swanky sugar mills around
So do not buy because analysts say so. Its market cap is half its assets whereas for Renuka it is 4.5 its assets and management quality is good. Buy if you are convinced. More appealing of course would BUY on Upper Ganges Sugar which is valued 1/6th of its assets, which would provide downside support in case of correction
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Posted by : maximindiaAt Rs 180/qntl cost of sugar production is Rs 23/kg plus exise of Rs 0.80/kg. Crushing of 2.5 mill tonnes wl result in prod of 0.225 mill tonnes of sugar(recovery in U.P.is 9%)Calculate profit yrself.Add profit of biproducts like mollasses and sale of power with baggase as fuel....
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Posted by : maximindiaSorry buddy read 200000 tonnes equal to 200000000 kg.Cost is Rs 20/kg selling price Rs30/kg so profit is Rs 200 crs on refining raw alone ...
