As the prices of commodities are soaring high due to increasing demand and inflation, Sugar & Ethanol prices will rise as well leading to improved operating profit margins.
This sector is capital intensive, only the existing players will be immensely benefitted due to ethanol blending.
Price to BV & PE is low compared to its peers.
Changes in govt. policies can...
A nice cup with handle pattern is in play.
It is best to buy at the bottom of the handle to minimize the drawdown and maximize the reward to risk ratio.
The broader view shows, the price is moving in an ascending channel pattern.
Currently price is ranging near 600 which is also at 200 days MA & bottom line of ascending channel.
Strong bullish divergences observed...
