Sugar stocks shines on export nod

23 Nov 2011 Evaluate

Shares of sugar companies are trading higher in the trade, after the government allowed one million tonnes of sugar export.

EID-Parry (India) is currently trading at Rs 199.00, up by 2.25 points or 1.14% from its previous closing of Rs 196.75 on the BSE. The scrip opened at Rs 198.00 and has touched a high and low of Rs 203.00 and Rs 195.00 respectively. So far 12011 shares were traded on the counter.

Simbhaoli Sugars is currently trading at Rs 30.10, up by 0.50 points or 1.69% from its previous closing of Rs 29.60 on the BSE. The scrip opened at Rs 27.55 and has touched a high and low of Rs 30.50 and Rs 27.55 respectively. So far 2841 shares were traded on the counter.

Balrampur Chini Mills is currently trading at Rs 44.75, up by 0.40 points or 0.90% from its previous closing of Rs 44.35 on the BSE. The scrip opened at Rs 45.90 and has touched a high and low of Rs 46.40 and Rs 43.50 respectively. So far 160426 shares were traded on the counter.

Rana Sugars is currently trading at Rs 3.40, up by 0.07 points or 2.10% from its previous closing of Rs 3.33 on the BSE. The scrip opened at Rs 3.47 and has touched a high and low of Rs 3.48 and Rs 3.37 respectively. So far 42179 shares were traded on the counter.

The EGoM headed by finance minister Pranab Mukherjee allowed export of a million tonnes of sugar for the 2011-2012 crop marketing year that started in October and also lifted the stock holding limit on the sweetener from November 30.

The move, which came after a persistent demand from millers in the wake of a sharp increase in cane prices, has been welcomed by cooperative sugar millers in Maharashtra, big companies in Uttar Pradesh and also the chief minister of Maharashtra.

Meanwhile, the Empowered Group of Ministers (eGoM) on these subjects, also decided not to extend the stock holding limit on sugar beyond November 30. At present, any sugar trader is not allowed to hold more than 500 tonnes.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.