Wednesday, 15 June 2016
Ugar Sugar Works up 76% in 8 Days keep eyes on Rajshree, Dhampur
When i first wrote on 3rd June 2016 about Ugar Sugar Works Ltd. The stock was trading at a price of 33 and after that corrected to levels of around 30 with constant selling by Renuka Sugar which held 50 lac shares.
Now today it has moved to 58+. That's almost 80% rally in few days.
As the sugar prices continue to go up internationally or hold stable, The sector theme is playing out well.
With the market gung ho on the entire sector I feel it will now be good to take a look at stocks which have not moved much such as Dhampur Sugar (CMP 120) and Rajshree Sugar (CMP 70).