The stock of Bajaj Hindustan, after rolling over a Roller-Coaster ride, along with the faling world markets, today managed to close above Rs 200 level. This is where this stock had very strong support. After the Balrampur Chini story has diminished, it may again soar to surpass its earlier high of Rs 245 level, seen just 2 weeks back. This is simply because the fundamentals of sugar industry remains to be stronger than before. It is an essential commodity that nobody can do without buying. That means, the demand is only going to be strong in future, strengthened by its scarcity. That`s why the sugar prices have just doubled in the last 1 year. Bajaj Hindusthan management had taken one more wise decision, by importing Lacs of tonnes of raw sugar. The ban by UP govt now, appears to benefit this co, because the company has already imported the quantity, giving an edge over its peers. Yet another decision of the UP govt is by increasing the rate at which the co will sell its bagasse based Captive power, which will accumulate huge revenue by 30% higher rate, without any expenditure. Bajaj Hindusthan is the country`s largest sugar producing company and the 4th largest in the world. Its PAT for the period ending Dec, 2009 may witness a 400% jump in net profits. (Just compare the profits and turnanround posted by smaller companies). Any dip in its share price, though it will be rare hereinafter, will be a strong buying opportunity to enter this stock, to reap sweet profits.