**[investwise]** Morgan Stanley Puts A Target Of Rs 40 on Shree Renuka Sugar-Sell

 

Sugar prices are dropping amid expectations that global supply will be plentiful for the first time in about two years. Growers in Brazil are wrapping up a healthy harvest and it appears the monsoon season will benefit growers in India. That has eased concerns about tight supplies. Sugar prices closed down nearly 5 percent Friday. Metals, energy and grains prices are mostly falling on a stronger dollar. Commodities are priced in dollars so they are less appealing to foreign investors when the dollar is stronger. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.           --- On Wed, 6/2/10, Ravinder Singh Bisht <equityguruk7@gmail.com> wrote: From: Ravinder Singh Bisht <equityguruk7@gmail.com> Subject: Re: Daiwa: Banks Entering A Massive Growth Cycle-Buy SBI, HDFC, PFC, REC To: "Maverick" <rajivhanda@yahoo.com> Date: Wednesday, June 2, 2010, 5:26 PM Dear Rajiv Ji No news from ur side from couple of days where r u Regards Ravinder SIngh Bisht

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