Sugar Scrips on Fire even as Sensex tanks @ 382 points & 1.48 % to close lower at 25483
Humming the Archies classic “Oh Honey! Sugar Sugar You’re my Candy Girl & you got me wanting you !”
Look at the Sweet Sweet Returns if you’d made the call on this commodity just a month or two ago when Global Prices have been rising dramatically and the Indian Government has allowed Sugar Exports to realise these prices
Just look at these 14 Sugar Scrips on Fire on BSE !
Dwarikesh & Simbhaoli closed at their 52 Week Highs today while several others recorded their 52 Wk Highs before closing marginally lower !
Interestingly EID Parry has not gained till date in 2015 having opened at Rs 202 levels and closing today at similar levels
Sugar Sector has been a Multibagger one this year !…in fact in just one or two months of investments one would have raked in three digit % returns in Sugar Scrips !
|
SUGAR SCRIPS ON FIRE ! |
|||||||||
|
Scrip Name
|
Mkt Cap (Rs Crs) |
FV (Rs) |
52 Wk High |
52 Wk Low |
Jan1 2015 |
Nov18 2015 |
% Day
|
% 2015
|
% from 52 wk low |
|
Sensex |
|
|
30025 |
24834 |
27486 |
25483 |
-1.47 |
-7.3 |
2.6 |
|
Nifty |
|
|
9119 |
7540 |
8273 |
7732 |
-1.35 |
-6.5 |
2.6 |
|
|
|
Rs |
Rs |
Rs |
Rs |
|
|
|
|
|
Bajaj Hind Sugar |
1768 |
1 |
25.2 |
11.01 |
19 |
21.65 |
-2.73 |
13.9 |
96.6 |
|
Bannari Aman |
1401 |
10 |
1420 |
575 |
1163 |
1225 |
-1.1 |
5.3 |
113.0 |
|
Balrampur Chini |
2024 |
1 |
85.4 |
33.45 |
60 |
82.65 |
14.63 |
37.8 |
147.1 |
|
Dalmia Bharat |
565 |
2 |
76.70 |
16.10 |
22.7 |
69.85 |
-1 |
208 |
334 |
|
Dhampur Sugar Mills |
423 |
10 |
74 |
27.4 |
43.4 |
72.2 |
3.69 |
66.4 |
163.5 |
|
Dwarikesh Sugar |
147 |
10 |
89.9 |
19.1 |
28.35 |
89.9 |
4.96 |
217.1 |
370.7 |
|
EID Parry |
1950 |
1 |
244.5 |
123 |
202.6 |
201.65 |
-6.17 |
-0.5 |
63.9 |
|
Oudh Sugar |
108 |
10 |
44.2 |
14.2 |
19.9 |
41.75 |
4.76 |
109.8 |
194.0 |
|
Rajshree Sugar |
89 |
10 |
39.5 |
14.4 |
22.9 |
37.55 |
3.18 |
64.0 |
160.8 |
|
Sakhti Sugar |
37 |
10 |
35.1 |
12.2 |
16.7 |
33.35 |
-0.15 |
99.7 |
173.4 |
|
Shree Renuka Sugar |
1618 |
1 |
20.4 |
7.03 |
15.35 |
17.42 |
8.54 |
13.5 |
147.8 |
|
Simbhaoli Sugar |
68 |
10 |
24.05 |
7.6 |
14 |
24.05 |
9.82 |
71.8 |
216.4 |
|
Triveni Engineering |
956 |
1 |
39.8 |
14.4 |
23.5 |
37.05 |
8.18 |
57.7 |
157.3 |
|
Uttam Sugar |
128 |
10 |
34.4 |
9.14 |
15.5 |
33.7 |
-0.6 |
117.4 |
268.7 |
What now going forward into 2016 !? Can One yet Consider hopping on to the Sugar Bandwagon even now?
Well a few sugar sector analysts expect a good run for the next two years after a cyclical bad time past few years….just like the Aviation Sector that has returned to spectacular profits as Oil prices halved and thus halving Aviation Turbine Fuel Prices that make up @ 50% of the Costs
These Commodity Cycles are tricky to gauge & hence the huge Volatility swings over time…literally Sugar is not in everybody’s cup of tea !…probably only those aggressive
If considering to increase or initiate exposure in the Sugar Sector,just do your Homework on Potential Non Linear Profitability coming up in Sugar Companies going forward and assess how much of this euphoria is already reflected in current Share Prices…many companies are in the restructuring stage after some gruesome years battling low sugar prices and high indebtedness & losses….many crippled factories have even shut down
Otherwise you could land up being a victim of ‘Herd’ Mentality because you just ‘Heard’ !
However my intention is neither to scare you nor to make you excited !
Just don’t put 14 spoons of Sugar in your Tea !
5 thoughts on “Sugar Scrips on Fire ~ Humming Sugar Sugar… & you got me wanting you !”
Hi Gaurav,
Whats non-UP based(due to political issue) best Sugar company to Buy?
Regards
Sameer
Renuka Sugar->Its own issue
EID Parry -> I guess not pure Sugar play
How do u see Morpen Labs, Subex, EKC ?
Just wanted to point out a mistake in your table.Dalmia Bharat is a cement stock, Dalmia sugar is at around Rs.60
Hey Jobin,thanks…have made requisite changes