The rice prices are not down much.The input prices of coal in particular is coming down but gradually ,the management had said Q2 will see the worst impact of these price hikes. That’s the reason why the stock prices are down.The capacity has come online.From november the prices of ethanol will increased by government too.The coming quarters will be much better if the input prices keep coming down. Market is taking into account the margin pressure and going down accordingly .
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Disclosure: invested from lower levels
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