BUY Avadh Sugar & Energy share - Check price target by Zee Business expert | Jain Saab Ke Gems

BUY Avadh Sugar & Energy share: Market expert Sandeep Jain on Wednesday recommended a sugar stock to the Zee Business views for good returns. In a special edition 'Jain Saab Ke Gems', aired on Zee Business with Managing Editor Anil Singhvi, he said that Avadh Sugar & Energy could be a good buy. He said that the is a Birla Group company. 

The company was incorporated in 2015, said Sandeep Jain, director of Tradeswift Broking. He said that the company deals in sugar and sugar products, spirits and alcohol of denatured of any strength and all other products arising out of the manufacturing process of sugar or resultant of any activity related to the sugar business. The company has four sugar mills.

He said that Avadh Sugar & Energy share price has shown correction from high.

Avadh Sugar & Energy Ltd Share Price

Avadh Sugar & Energy Ltd Price Target Rs 590/610 (4 to 6 months)

जैन सा'ब के GEMS...

आज Avadh Sugar को क्यों चुना संदीप जैन ने ?

संदीप जैन से जानिए कंपनी के फंडामेंटल्स, तेजी के ट्रिगर्स और टार्गेट..@SandeepKrJainTS @AnilSinghvi_

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He said that the company has reduced its debt and increased its ethanol production. The company is also giving a 2% dividend yield. 

The company has delivered good quarterly results, adding that its reserves are also good.

Talking about the shareholding pattern of the company, he said that promoters hold 60 per cent stake while the FIIs (Foreign Institutional Investors) and DIIs (Domestic Institutional Investors) hold around 3-4 per cent.