Anil Singhvi bullish on this sugar stock, says buy for huge gains - check target levels here

Being bullish in sugar stocks, Zee Business Managing Editor Anil Singhvi recommended Kothari Sugar amid good valuations and the rising sugar prices in domestic and global markets. 

This the third such sugar stock the Market Guru has recommended to buy since last week. He has earlier recommended Dhampur Sugar and EID Parry. 

See Zee Business Live TV Streaming Below:

Kothari Sugar, which is currently trading at Rs 25 per share level, is one of the oldest sugar companies in India. Singhvi sets three targets for this stock, Rs 27, Rs 29, and Rs 34 per share.  

Similarly, Tradeswift’s Director Sandeep Jain praising the fundamentals of this stock, set a long-term target of Rs 35-40 per share, He adds, the company is reducing its debt, improving its balance sheet and its market cap has also increased from Rs 70-80 crore to 200 crores. 

एक्शन में शुगर कंपनियां...

जानिए अनिल सिंघवी आज फिर किस शुगर शेयर पर हुए बुलिश?#AajKe2000 @AnilSinghvi_ pic.twitter.com/flu0ZApM5s

— Zee Business (@ZeeBusiness) May 3, 2021

Singhvi says, there’s quite a bull run seen in the sugar stocks as the sugar prices globally are rising. He adds, if the crushing numbers of sugar are low, the production will be less and hence a price hike. 

The Market Guru, last week, had said that lately, sugar stocks have shown huge action. Overall sugar price in April has jumped by around 15 per cent globally.  

Singhvi suggests, like Kothari Sugar, other sugar shares such as Balrampur Chini, Praj Industries and Dhampur Sugar can be bought, as analysts suggest that sugar space looks in a good zone.