Sugary Sweet - Bajaj Hindusthan
Ali On Content / 17 Aug 2009
Bajaj Hindustan is a fully integrated player in the Indian sugar industry with its diversified offerings. The company has recently managed to lower its debt that makes the counter a good bet in the sugar sector.
Bajaj Hindusthan
BSE: 500032
CMP: 192.25
Volume: 2516089
The shortage in supply has resulted in the spurt of the sugar prices and the rising price is acting as a sweetener for the sugar industry. As expected, the sugar companies have put up fantastic numbers in its financials for Q3FY09 (sugar companies FY ends in September) owing to the rising realisation for the mill owners. Bajaj Hindustan is a fully integrated player in the Indian sugar industry with its diversified offerings. The company has recently managed to lower its debt that makes the counter a good bet in the sugar sector. Looking at the medium-term improvement in the realisations for these sugar companies, investors with six to eight months perspective can invest in the company.
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