According to M Manickam, executive VC, Sakthi Sugar, sugar prices are unlikely to go up because of excess sugar supply.
Sugar prices at least in coming six months are unlikely to see a pick up is the word coming in from M Manickam, executive VC, Sakthi Sugars .
In fact accroding to him the prices would slide a bit further because of excess sugar supply, and the demand too will not see a pick up. The price could fall by a rupee from the current levels, said Manickam.
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Sakthi Sugars stock price
On March 24, 2015, at 14:07 hrs Sakthi Sugars was quoting at Rs 12.80, down Rs 0.3, or 2.29 percent. The 52-week high of the share was Rs 27.45 and the 52-week low was Rs 12.20.
The latest book value of the company is Rs 47.15 per share. At current value, the price-to-book value of the company was 0.27.
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