KCP Sugar zooms 3.07%; January sugar sales and production down

India Infoline News Service | Mumbai | February 10, 2017 11:34 IST

KCP Sugar in Friday’s session surged 3.07% as the company reported January sales and production data. The sales stand at 34,347 quintals vs 61,356 quintals (YoY).

While sugar production stands at 2.17 lakh quintals vs 2.72 lakh quintals (YoY).
The stock has delivered a 77.31% return over a period of one year, outperforming the BSE Small-cap index and the BSE FMCG index in the same time span.
KCP Sugar and Industries Corporation Ltd., is a sugar manufacturing company in India. The company’s business also includes manufacturing and marketing of rectified spirit, extra neutral alcohol, ethanol, incidental cogeneration of power, organic manure, mycorrhiza vam, calcium lactate and CO2.
Company has two sugar factories located in Krishna District of Andhra Pradesh, having an aggregate crushing capacity of 11,500 tonnes per day.

Stock view:-
KCP Sugar & Industries Corporation Ltd is currently trading at Rs 40, up by Rs 0.85 or 2.17% from its previous closing of Rs 39.15 on the BSE.
The scrip opened at Rs 39.35 and has touched a high and low of Rs 40.8 and Rs 38.5 respectively. So far 1085295(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 443.9 crore.
The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 45.9 on 07-Jul-2016 and a 52 week low of Rs 17.8 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 42.9 and Rs 33.95 respectively.
The promoters holding in the company stood at 40.23 % while Institutions and Non-Institutions held 0.19 % and 59.58 % respectively.
The stock is currently trading above its 200 DMA.