Sugar Sector Update

Cultivation of Sugercane has incresed to 4.87 million hectarers than 4.79 million hectarers in 2017. Farmers are having Rs. 200 Billion delayed payments from the mills for the current harvest.Next marketing year will start  with carry forward stocks of 11 million tonnes .Govt's support to export Sugar to Internation market is being questioned by Brazil & Australia in for violation of WTO restrictions.All these will have negative Impact on the Sugar Stocks.

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NRB Bearings Ltd ( NRBBEARING ) - A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks

NRBBEARING closes   at ₹ 161.60   with  a  Gain  of     +0.4%   on    30-May -2018   with formation of  a  small Green Candle    on Daily  Price Chart.  Technically ,  NRBBEARING   is  entering into a Short-Term Bullish  Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI  index has also turned Positive.  It has seen highest  Delivery in today’s trade of 95.9%.

Valuations :  NRBBEARING is now Trading at 2.2X of its March 2017 Valuations ( EPV Method )  . RoE is 16% while RoCE is 12%, which is sound.
We may    BUY /    Accumulate  NRBBEARING  at  CMP

Target : ₹ 180-219

Stop: Loss : ₹ 149

Time Frame: 1-2   Months

Financials :    https://www.screener.in/company/NRBBEARING/

Disclaimer : We are / may going to take exposure shortly.

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Vardhman Textiles Ltd ( VTL ) - A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks

VTL closes   at ₹ 1248.30   with  a  Fall   of    -0.40  %   on    29-May -2018   with formation of  a  Red  Candle    on Daily  Price Chart.  Technically ,  VTL   is  entering into a Long Term Bullish  Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI  index has also turned Positive.

Valuations :  VTL is now Trading at 1.3X of its March 2017 Valuations ( EPV Method )  . RoE is 24% while RoCE is 16%, which is sound.

We may    BUY /    Accumulate  VTL  at  CMP

Target : ₹ 2811

Stop: Loss : ₹ Nil ( VTL’s 1X EPV is ₹938, Accumulations at lower levels is advisable )

Time Frame: 24-36   Months

Financials :    https://www.screener.in/company/VTL/consolidated/

Disclaimer : We are / may going to take exposure shortly.

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