Thursday, 16 June 2016

Sugar crosses 20 on ICE - Track Kothari Sugar

Sugar futures crossed 20 considered to be a psychological barrier after having fallen from highs of 19.90 something.

The price currently is around 20.05 on the Intl. Commodity Exchange today. Sharply up today again.
































Even as today sugar stocks took a break from regular rallies, Rajshree sugar updated yesterday at 70 was locked up in the upper circuit at 89.45 almost 30% up in one day.

One can focus on Kothari Sugars (NSE:KOTARISUG) now trading at 19.50 for similar moves.



20 comments:

  1. Kothari's chart is also looking good on dips. Thanks!

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  2. sir,where can i get the international chart of sugar ...can u tell me website name

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    1. Hi friend, here it is: http://www.investing.com/commodities/us-sugar-no11

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    2. thank u sir

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  3. Sir today sugar Stocks are going down very fast, so nw what to do
    Sell or hold

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    1. The sector got over-heated.. upper ganges 170 to 440 in few days, ugar 30 to 63 etc... That is why I adopted a hit and run, Buy the stock which has not gone up hugely to ride in the long run (That is Dhampur in my case because it has large inventory and also not gone up like its peers) and in the short-term keep shifting.. After rajshree went up by 35% I have said Kothari can be next mover, due to the crash undoubtedly Kothari is also going down but it has better margin for safety i feel and should bounce back faster.

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  4. Sir today all sugar Stocks are going down nw what to do
    Sell or hold, kothari is also 10% down

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    1. Kothari can be next mover, due to the crash undoubtedly Kothari is also going down but it has better margin for safety i feel and should bounce back faster.

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  5. Sir yesterday I entered k m sugar.is it fine or should I switch to dhampur

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  6. Recent government 20 percent export duty norm , making export of sugar unviable , do u still thing some steam is left dependent on only domestic sugar demand

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    1. I feel yes, Sugar rally is far from over.. Non of the companies are interested in exporting Sugar anyway as additional cost add up impacting realizations.

      They just need to sell at right price and make money, I feel Sugar will take a break this month and may again go on a rampage in short-term.

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    2. I dug up the qtr 4 results of sugar companies but could not find what converted their negative eps into staggering positive ones.. is that because of export or domestic sales ? If domestic sales then this 20 percent export duty will not matter n sugar stock will be back after technical retracement ??
      Can u put some light on it pls

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    3. About 10% of total sugar production in India is exported is what i have read... So the export duty impact will be minimal to nil. Yes after tech retracement they should be back on track.

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  7. sir,i yesterday bought K M Sugar.do u think it will give good profits in next one year or so.
    Thanks

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  8. Your views on meghmani organics ?

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  9. What will you say about jb chem and pharma? Market cap is @2500 cr. Having strong product rang. Considering eps and book value.. Current price seems very undervalued?? Pls suggest

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  10. What about sree renuka sugars???

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