Buy Balrampur Chini, Sakthi Sugars, Bajaj Hind: Tulsian - Moneycontrol.com

In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day. Buy Shree Renuka Sugars with a day target of Rs 26.50 and a stop-loss of Rs 24.50. The decontrol of the sugar sector that is scrapping of 10 percent levy will effectively have an extra-realization of Re 1 per kilogram to the company, which can run into a quantum of over Rs 100 crore per year. This is going to be seen quite positive on the stock. Buy Balrampur Chini Mills with a day target of Rs 51 and a stop loss of Rs 47. 10 percent scrapping of levy quota will be seen quite positive for the stock because this scrapping is going to remain for next two years and annual increase of about Rs 125 crore will accrue to the company, which will be seen quite positive. Buy Sakthi Sugars with a day target of Rs 23.50 and a stop loss of Rs 22. Government having scrapped the 10 percent levy will be seen quite positive for this company because they have a significant presence in Tamil Nadu where the crushing last for about 260-275 days in a year against 170-175 days in Uttar Pradesh (UP) and that is going to give extra gain of about Rs 75 crore to the company every year, which will be seen quite positive. Buy Bajaj Hindusthan with a day target of Rs 23 and a stop-loss of Rs 21. The scrapping of 10 percent levy for the sugar sector is seen quite positive and company having capacity of 1,10,000 tonne (one lakh ten thousande tonne) crushing per day, which results into production of 10,000 tonne per day of sugar, is going to give extra realization of about Rs 175 crore to the company per year for next two years which will be seen quite positive. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFGOweQPj0ylw2thYF82PMNB0T8Zw&url=http://www.moneycontrol.com/news/stocks-views/buy-balrampur-chini-sakthi-sugars-bajaj-hind-tulsian_847578.html

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