Mawana Sugar

Mawana has posted EPS of 1.74 against sales of 313 crs, they have also paid tax of 4 crs before arriving at profit figure which means that profit is very genuine. Further since the QI, sugar prices have improved so the current quarter should be better and there would be larger interest relief on account of buffer creation of 4 million tonnes by govt this year. So, the only thing is that overall sentiment improves in market for sugar stocks to regain their right level.

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