Rajshree Sugars' sales decline in two of its units

India Infoline News Service | Mumbai | July 11, 2017 09:26 IST

The company's sugar sales in Theni District unit dropped by 27.6% to 1,716 million tonne in June 2017 as against 2,373 million tonne in June 2016.

Rajshree Sugar and Chemical on Monday relesed their operational data for the month of June 2017. The company's sugar sales in Theni District unit dropped by 27.6% to 1,716 million tonne in June 2017 as against 2,373 million tonne in June 2016.

The company's sugar sales in its Mundiyampakkam unit nearly doubled rising by 76% to 10, 513 million tonne in June 2017 as against 5,951 million tonne in the year ago period.

While, sugar sales in the company's Semmedu unit decline by almost 8% to 2,363 million tonne in June 2017 from earlier 2,566 million tonne in the year ago period.

Rajshree Sugars & Chemicals is engaged in the business of white crystal sugar, co-generation of power and industrial alcohol. The Company's segments include Sugar, Cogeneration, Distillery and Others. The Sugar segment consists of white crystal sugar.
 
Stock view:

Rajshree Sugars & Chemicals Ltd is currently trading at Rs 58.5, up by Rs 2.8 or 5.03% from its previous closing of Rs 55.7 on the BSE.

The scrip opened at Rs 59 and has touched a high and low of Rs 59.75 and Rs 58.5 respectively. So far 87655(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 156.89 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 81.1 on 08-Jul-2016 and a 52 week low of Rs 44.6 on 18-Aug-2016. Last one week high and low of the scrip stood at Rs 58.85 and Rs 51 respectively.

The promoters holding in the company stood at 47.83 % while Institutions and Non-Institutions held 0.04 % and 52.12 % respectively.

The stock is currently trading above its 200 DMA.


***Note: This is a NSE Chart

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