Bajaj Hindustan Sugar Share Price Target Forecast 2022, 2023, 2025, 2030

11 November 2021

Q2FY22 Results for Bajaj Hindustan Sugar: Loss narrows to Rs 113 crore

Bajaj Hindustan Sugar recorded a combined loss of Rs 113.01 crore for the quarter ended September on Thursday.

According to a BSE filing, Bajaj Hindustan Sugar lost Rs 159.71 crore in the previous financial year’s same quarter.

The company’s income from operations fell 14.37 percent to Rs 1,344.14 crore in the current quarter, compared to Rs 1,569.75 crore in the previous fiscal quarter.

Meanwhile, the business stated that Ramani Ranjan Mishra has been appointed to the board of directors of Punjab National Bank (PNB) with effect from November 11, 2021.

On the BSE, the company’s shares finished at Rs 14.69 on Thursday, up 0.69 percent.

Zeebusiness.com is the source for this information.


13 August, 2021

In the June 2021 quarter, Bajaj Hindusthan Sugar reported a combined net loss of Rs 49.72 crore.

Sales increased by 1.31% to Rs 1352.61 crore.

In the quarter ending June 2021, Bajaj Hindustan Sugar recorded a net loss of Rs 49.72 crore, compared to Rs 52.89 crore in the previous quarter. For the quarter ending June 2021, sales increased by 1.31 percent to Rs 1352.61 crore. During the preceding quarter, which concluded in June 2020, the company earned 1335.18 crore.

Business-Standard.com is the source for this information.


20 July, 2021

On debt conversion, the board of Bajaj Hindusthan Sugar distributes 14.38 crore equity shares.

On the 20th of July, 2021, a meeting was convened.

In a meeting held on July 20, 2021, the Board of Bajaj Hindustan Sugar allotted 14,38,00,000 equity shares with a face value of Rs. 1/- each on a preferential basis at a price of Rs.13.28 per equity share, resulting in a payment of Rs. 190.96 crores as conversion of existing outstanding unsecured loans given by the promoters as part of the sanctioned restructuring package. “Joint Lenders Forum” is an acronym for “Joint Lenders Forum.”
As previously stated, the Company’s paid-up equity share capital has grown from Rs 113,35,59,942 to 113,35,59,942 equity shares of Re 1 each as a consequence of the equity share issuance. Rs. 1/- split into 127,73,59,942 equity shares.

Business-Standard.com is the source for this information.


May 03 2021

Sugar stocks are continuing to rise, with analysts optimistic about profits.

Chinese equities have turned positive, with analysts optimistic about the firms’ profitability, as a boost in exports from India offsets decreased output in Brazil, resulting in a surge in worldwide prices.

Dalmia Bharat Sugar & Industries’ stock has risen 100% so far this year, while Triveni Engineering and Industries’ stock has up 92 percent. Balrampur Chini Mills has seen a 77% increase in revenue. Dhampur Sugar Mills, DCM Shriram Industries, Bannari Amman Sugars, and Bajaj Hindustan Sugar have all progressed significantly.

Early indications suggest that production in Brazil may drop due to poor seeding and bad weather conditions, according to experts.

Other major sugar producers, such as Thailand and Europe, may reduce output as well, putting global supplies under strain.

Sugar output in Brazil is expected to fall by at least 10% to 34-35 million tonnes, resulting in worldwide sugar prices reaching $1.65 per pound, according to global commodities dealers.

This is good news for India’s sugar sector, which has a surplus inventory of 10.5 million tonnes, according to analysts.

“As India’s sugar sector prepares to gain from global and domestic forces, we continue our upbeat outlook.” Low output from nations like Brazil, Thailand, and the European Union would help India grow exports by keeping supply tight and global pricing consistent. In a report to its investors, Elara Capital stated.

Indian sugar mills have exported 2.49 million tonnes of sweetness so far this year. An extra 3.03 million tonnes of sugar is in transit, according to the AISTA (All India Sugar Trade Association). Due to favourable international pricing, analysts predict the sugar sector to meet the government’s export target of 6 million tonnes.

India began the 2020-21 sugar season (October-September) with a stockpile of 10.6 million tonnes. A surplus of 8-9 million tonnes is predicted by April, based on estimated production of 29.90 million tonnes, consumption of roughly 26 million tonnes, and an export limit of 6 million tonnes.

The extra sugar can potentially be utilised to make ethanol. In terms of ethanol production, the country’s main sugar mills have added significant capacity. According to Choice Broking, this will help them to better regulate sugar supplies in the future and minimise domestic market excesses.

The government’s goal of mixing 20% ethanol with gasoline by 2030 has also improved investor confidence. The capacity of India’s ethanol production is 684 million litres. The country would need 1,000 crore litres of capacity to achieve the 20% blending goal.

“The sugar business has traditionally been cyclical in terms of sugarcane pricing and farmer productivity, but factors like the government’s policy initiative to target ethanol blending by 2025 and its efforts to assure payments to cane farmers without large arrears appear to be helping. According to Nirali Shah, Head of Equity Research at Samco Securities, the sector’s fortunes are changing. Sugar stocks are primarily driven by government and industry efforts to make the business model more sustainable by increasing ethanol mixing.

Livemint.com is the source of this information.


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