I guess as opinioned by many learned boarder, 10 cent is rock solid floor for sugar prices in international market. This much downside is only possible because of sharp devaluation of brazillian currency against US dollar (from around 1.25 real per dollar to 4 real per dollar) due to various political mismanagement etc inside brazil which incidentally control more than 45 % sugar export and have disproportionate influence on global sugar prices. Else near term demand for sugar is highly inelastic and grows around 2-3 % annually at all times good or bad. Brazilian sugar operation most efficient globally is also in losses from last 2-3 years and it is not possible for them to produce sugar suistanably below 12 13 cent. India being largest consumer also has important influence on global sugar prices. This year severe drought in many part of country is likely to reduce sugarcane production and recovery very significantly for next 2-3 years. This year drought can only be compared with drought in 2008 and 2002 in recent times in its severity whose full effect is likely to be felt in coming months and sugarcane planting for next year may be even lower. With favorable expected scenarios it is very much possible for sugar to touch around 25 cent in international market and around 40-45 rs per kg in indian market, which if happens can lead to multibaggers return in most sugar stocks. This recent rally may be just beginning for the same.
Posts in category Value Pickr
I’m new here.can any one suggest me something? (08-10-2015)
Hello friends, my name is dipal patel and i'm a student.i just started working with commodity work but i don't know that how to deal with it.so anyone have any suggestion for it? i mean from which place i can get proper guidance and solution of my problems?
Any views on Man Infra (08-10-2015)
Prosperotree has initiated coverage around Rs 34 last month., worth studying the same. If interested one can google their website and search for the report.
Disc : No Holding as of now.
Amit
Shilpi Cable Technologies – at 2 times PE definitely worth a look! (08-10-2015)
Hi Harsh,
I have looked at the Receivables of Shilpi in FY 2015 and for the previous years.Most of it is unsecured in nature and considered good but the strange thing is that it has'nt recorded any Provisions unlike its peers, which for me seems quite an aggressive accounting practice.
Cafe Coffee Day – Will you Date? (08-10-2015)
But the amount raised through ipo is used only in coffee business outlets which is a positive sign and also debt which has been a roadblock to its profitability is been given due concern by a promoter ..
Also it's market share is much higher than its competitors .
So can't it overweight the negatives of poor capital allocation and running other businesses .
I would like to know whether the company is worth investing at this price by the knowledgeable contributors of this forum .
Disclosure - Thinking to apply in ipo
Vivek Gautam Portfolio (08-10-2015)
Vidhi is operating in the lucrative food color segment.Please go through a recent Edelweiss report freely available on its site.https://www.edelweiss.in/research/Vidhi-Dyestuffs-Manufacturing-Ltd--Expanding-for-the-Future;-Visit-Note/10006419.html
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Eicher Motors (08-10-2015)
updates on Green tax and traction on VC volumes during Sept
http://www.moneycontrol.com/news/business/trucks-to-pay-rs-45cr-green-tax-per-day-eicher-motors_3481021.html
Any views on Man Infra (08-10-2015)
i got your point.
after posting the thread....i came to know the right way.
Anyway thanks for the guideline.
I will close the thread
Any views on Man Infra (08-10-2015)
@mahesh112 with due respect to you, this is not the VP way of initiating a new thread, please look at the recent threads of Vidhi Dye stuff or Deccan cements, Cafe Coffee Day etc. where the members have opened a new thread in a comprehensive way. I suggest you also do similar kind of work before you seek other's opinion. Lot of senior members are there who would be willing to help if you have done your part correctly. Thanks.
Any views on Man Infra (08-10-2015)
Hi,
I'm new to market.
I bought man infra@39.40.
Any view please