InvestorQ : I have 100 shares of dcm Shriram LTD @380/-. I can hold for 12-15 months. please let me know about company
Manish Dalmia made post

I have 100 shares of dcm Shriram LTD @380/-. I can hold for 12-15 months. please let me know about company

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Crowny Pinto answered.
1 year ago
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The stock is currently trading at Rs.409 which is slightly above the price at which you have bought the stock. The company is into the sugar and bio seeds area and also offers farm solutions. The stock had done fairly well in the last few years although the last September quarter the company did see a fall in profits by 30%. However, the current sugar cycle is likely to be positive for sugar companies since the company is likely to benefit from the poor sugarcane crop in UP and Maharashtra as that will keep the price of sugar buoyant. Also, the government is giving heavy incentives to export sugar and that will also benefit the stock. Since you have a long term view of around 15 months, you can hold on to the stock; at least till there is positive flow of news on the sugar supply and price front.

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