Advice on Rana Sugars

I am sorry to say this and I may be wrong in my assessment. I do not see the same momentum in RANA SUGAR as I see in RENUKA, BAJAJ HINDUSTAN, BALARAMPUR CHINI, SHAKTI and TRIVENI.

 

In next 6 months, at the most RANA SUGAR can go back to 10-10.6 from current levels of 9.05-9.10. I do not see it climb back to the 14-16 range you mention as per current sugar industry prospects.

13000 shares is a big amount. So averaging will be riskier. My advice would be just hold and make the best use of bounces and hope for your assessment to come true.

On Mon, Nov 1, 2010 at 7:33 PM, Manish Nautiyal wrote:

I'm holding 13000 shares of Rana Sugar at an avg price of 10.6.. It is currently at 9 . I've my target set to sell these @ 14-16 Range.

Could you pls advise when do you see it achiving my target.

Also, I am planning to purchase few more @9; should I do it or not?

 

Few thing I noticed in the Shareholding parttern; From June to Sep FII stake increased to 4.44 from 2.5 something.

 

Regards, Manish Nautiyal