Balrampur Chini, Shree Renuka will do well: Mehta

Balrampur Chini and Shree Renuka Sugars will do well, says Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services.

Mehta told CNBC-TV18, "Sugar looks here or set here for a cyclical sort of a rally. Sugar stocks like Balrampur Chini and Renuka Sugars could do well over a period of one or two years." The company's trailing 12-month (TTM) EPS was at Rs 1.42 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 51.94. The latest book value of the company is Rs 46.37 per share. At current value, the price-to-book value of the company was 1.59. The dividend yield of the company was 4.07%. Disclosure: I personally do not have any positions in the above stock but we might have recommended to our clients and they might be holding them.