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Accidents happens when one doesn't look at valuations.
A supposedly platform stock listed in 2019. OFS price was 320 Rs. High of 6396 made yesterday.
Mcap crossed 1 lac crore.
Company was affected by CoVid so will talk a bit on pre-CoVid nos.
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More from Jiten Parmar
A thread I had done in sugar industry last year. A few things could have changed. But, I think there are huge challenges to the E20 story. Do we have underlying dynamics in place. Do read how much time it took for Brazil.
Disc: Invested in sugar only as tactical play.
Disc: Invested in sugar only as tactical play.
Sugar Industry Insights (Feb 25, 2020)
— Jiten Parmar (@jitenkparmar) February 25, 2020
Last few years sugar industry has been a beneficiary of government largesse. Sugar cycle turned in 2015. Post that there has been surplus production.