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Mid Cap Stock Tips – FINQUEST Securities and Invest Shoppe India

MID CAP
FINQUEST Securities and Invest Shoppe India
DHAMPUR SUGAR MILLS CMP: Rs 132
DSML has contracted 250,000 mt of raw sugar at around $400/mt. It refined only 18,000 mt raw sugar in FY09 and sold around 60,000 mt in open market. The firm is expected to refine 172,000 mt and 70,000 mt raw sugar in FY10E and FY11E, respectively. It should be able to sell 178.8 mn units and 205.6 mn units of power in FY10 & FY11.
BANNARI AMMAN SUGARS CMP: Rs 1,180
Relatively lower and stable cane prices in the southern markets, the company’s ability to weather deficit situations in the past and its integrated operations suggest that it may be better placed to leverage the favourable turn in the sugar cycle. Its proven ability to process raw sugar allows the co to manage cane shortfalls.

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