Corona scare has made investors so dumb that they have stopped looking at fundamental totally. Just look at following:
Avadhsugar market cap at CMP of 115/- is now at 229 crs while this company earned post tax profits of 88cr in FY18, 119crs in FY19 and 28crs in 9 of months FY20 which sums up Rs 237crs.
Needless to say that the management is good, sugar scenario remains more or less same locally while international price are lower than recent peak but it gets compansated by fall in rupee value against dollar. There is concrete asset based and interest rates and corporate tax is down which is a lasting benefit of the company.