I expect another 30% correction in all sugar stocks from current levels in a time to come.
Scrips may bounce from oversold zone but only to fall again.... this is typical of sugar cycle.
On Sun, Apr 4, 2010 at 4:19 PM, APURVA <bharti_apurva@yahoo.com > wrote:
At present sugar shares are significantly down. Govt has allowed
dutyfree import of Sugar from April 2010 to Dec.2010. It seems Sugar prices are near bottom. Should we buy shares of Shree Renuka Sugar,
Balrampur Chini,Bajaj Hind.at current prices with the horizon of 12 months?
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