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Posts tagged All News
Wockhardt rallies 4% (09-09-2015)
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Buy La Opala with a target of Rs 610: Ashwani Gujral (09-09-2015)
Sugar Cycles: 7-8 years of losses followed by 2-3 years of super gains! (09-09-2015)
Nice discussion here.
I have been reading up on sugar cycle in India and it seems that this season also there will a bumper production
http://www.agrimoney.com/news/indias-sugar-output-in-2015-16-to-stay-near-record-levels--8258.html
The main issue with the sector has been that the cane prices are still remunerative for the farmers to deter them from production, notwithstanding arrears from the mills.
The below is an excerpt from one of the sugar companies con-call
When do you see the cane acreage in India coming down? This is becausein the last four years we have not seen a significant decrease in the cane acreage beside the sugar industry going through a bad phase.
There is only one sign to look for. The historical sugar cycle has been based on cane arrears. Whenever arrears have exploded, you had the willingness of a farmer to move from sugar cane to other crops. If you look at the figure that I had mentioned on the call i.e on 31st of January 11,000 crore of cane arrears which will expand to
20,000 crore by the end of the sugar season is an astronomical number. That is the number at which one will see people moving away from sugar cane on an all India basis. Every State has different ramifications because different State Governments view cane price arrears in different manners. So that is the first sign to look at. The next thing of course is to look at the competing crops. Traditionally and I am speaking generally for the Country, the competing crops would be rice, paddy, and wheat. Now the prices of paddy and wheat have also suffered over the last couple of years. The moment you see any upswing in those prices, you will have farmers that will willing shift from Sugarcane to other crops
Is it a good idea to buy house using 20:80 loan scheme? (09-09-2015)
![Is it a good idea to buy house using 20:80 loan scheme? Is it a good idea to buy house using 20:80 loan scheme?](http://www.moneycontrol.com/news_image_files/2015/h/housesellrealestatehomeloan200X200.jpg)
Buy Yes Bank with a target of Rs 750: Ashwani Gujral (09-09-2015)
Employees of temples, mosques come under PF ambit (09-09-2015)
Hinduja Ventures gains 3% after getting operating licence for HITS services (09-09-2015)
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TCS, Infosys in focus (09-09-2015)
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Top Real Estate headlines of the day (09-09-2015)
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Navkar Corporation shares gain over 5% on debut (09-09-2015)
![Navkar Corporation](http://images.financialexpress.com/2015/07/sensex-l-reuters.jpg)
Navkar Corporation shares gained as much as 5.6 per cent on Wednesday in morning trade after opening around 2 per cent down than its issue price. (Reuters)
Navkar Corporation shares gained as much as 5.6 per cent on Wednesday in morning trade after opening around 2 per cent down than its issue price.
At 10.21 am, shares of the logistics company were trading 2.3 per cent higher at Rs 158.60 apiece as compared with its issue price of Rs 155. It opened at Rs 152 and touched a high and low of Rs 163.80 and Rs 152, respectively, in trade so far. Sensex was up over 300 points at 25,653.
The logistics company made its debut on the BSE and NSE on Wednesday. The company’s IPO closed on August 26, 2015 and was subscribed 2.85 times, with total bids for 8.14 crore shares, compared with 2.85 crore equity shares on offer.
Navkar Corporation is a CFS operator having three units – Ajivali CFS I and Ajivali CFS II at Ajivali, and Somathane CFS at Somathane. All of the three CFS units are located in close proximity to the Jawaharlal Nehru Port, India’s largest container port.
As of March 2015, the company’s aggregate installed handling capacity stood at 310,000 TEUs per annum. The company also offers services like cargo storage facilities at CFSs, packing, labeling/bar-coding, palletising, fumigation and other related activities. It also provides warehousing facilities, for which, it occupies an aggregate area of 500,000 sq ft. Further, the company owns and operates a private railway freight terminal equipped with 461 trailers for the transportation of cargo between CFSs and the Jawaharlal Nehru Port.