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Friday, March 18, 2016
KOTHARI SUGARS AND CHEMICALS LTD :- SWEET PORTFOLIO.
Today we are discussing stock from sugar sector, one can buy this stock for short to medium term portfolio.
Kothari Sugars and Chemicals
Kothari Sugars And Chemicals Ltd the
flagship company of HC Kothari Group, was established in the year 1961
with a sugar Mill in Kattur village of Trichy District. Kothari Sugars, the pioneers in manufacturing of sugar, now has two sugar units in Tamil Nadu one at Kattur and
another at Sathamangalam village. In addition to sugar manufacturing,
Kothari Sugars also has facility for co-generation of power, production
of industrial alcohol from molasses and bio-compost from press mud and
Global sugar price is sky rocking now ( India also price of sugar is 45% up) any price above 30 per kg is very profitable for sugar company, industry believe this up trend price is sustainable for next year also, so sugar companies profits also very high in coming quarters.
Promoter holding 74% stake in this company, Kothari sugar given turnaround results in last two quarters, so i expected this trend will continue in next year also, stock trading only @ NSE @ 11.5 level ,risk taker short term to medium term investors can buy this stock @ current price and take advantage for this global sugar rally.
Before buying any stock take advice from certified person.