I need your suggestion. My current portfolio is 100% sugar, i moved most of my other stocks to Sugar a week back, and am currently at No profit/No Loss. Should i change my portfolio? If yes, do you have any recommendations
As far as my opinion is concerned you are taking a huge risk. Better diversify among a few sectors. What will happen of the government bring in some laws to reduce the sugar price?
What you are doing is nothing but speculation. Please dont do it. It is just my opinion.
Sugar are in for a big correction after the wild upmove. Stock valuations are not justified and hence I would suggest you liquidate from this sector. Stay in cash and invest at lower levels in good quality stocks/market movers like Reliance/HDFC and good index heavyweights.
I was diagnosed as a marginal case of type 2 diabetes and I have cut down on my sugar to the maximum. I have gone on a rigorous exercise schedule for the past 6 months. Now, I save on sugar, tablets and am feeling a lot better.
You need not cut down on sugar consumption. But balance it well within limits. You will feel a lot better and feel healthier.
hehe, please for god sake don make the country diabetic. stocks move up and down but health is most important. btw pls take care of yrself. we need yr valuable guidance always on the board.
Sugar stocks like Balrampur, Bannari and Shree Renuka are expected to post more than 100% increase in QE 9/09 PAT over 09/2008 earnings. Thus when the results for 09/2009 are known these shares will jump as their P/E will become very attractive. I think you should hold the abovenamed stocks till a few days after the quarterly results are out, till the rate keeps going up. Then you should book profits.
In case you have sugar stocks other than above 3, please research the same. I feel confident about these three only.
It appears your portfolio size at the moment is rather small and therefore you have converted to only one sector. If the portfolio is bigger go for good companies rather than sectors.
Renuka is best know in this quarter and hence we can expect an increase in its stock price from now onwards. Heavy buying by Traders, DIIs, fund houses are seen in this stock and hence a target of 300 posted in rediff and in other stock recommending sites can easily be achieved.
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