DJ MARKET TALK: CS Stays Cautious On India Sugar Sector
Published: 09/03/2010, 11:00:00 AM
DJ MARKET TALK: CS Stays Cautious On India Sugar Sector 0955 GMT [Dow Jones] Credit Suisse keeps Underweight on India sugar sector as inventory situation is delicate, anticipates fall in prices due to higher production next year. Adds, remains to see how much ethanol is picked up by oil marketing companies, as their off take has been historically poor. "While there are a few positive indicators on deregulation...the government has talked of de-control several times before with little actual result. We believe the risk-reward of taking a position on the basis of regulation at current prices is not favourable enough," house says. Shree Renuka (532670.BY) +1.6% at INR69.10, Balrampur Chini (500038.BY) down 0.9% at INR87.25, Bajaj Hindusthan (500032.BY) down 1.3% at INR119.80. (raghavendra.upadhyaya@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires 09-03-10 0555ET Copyright (c) 2010 Dow Jones & Company, Inc. DJ info: 5064,55106 N/DJCS,N/DJOS,N/OSAG,N/OSCM,N/OSTR,N/ALMT,N/ANL,N/ASMT,N/CMD,N/CNW,N/DJMT,N/DJW ,N/INMT,N/SCD,N/SGR,N/STK,N/WEI FSN35297 ACTV FINANCIAL FOOD GENERAL STOCKS SUGAR 2010-09-03 09:55:08 UTC ^^^^^^