Dhampursug @103/- on 02/06/2020

Dhampursug has posted good result, it’s EPS for FY20 is 32/- and discounting it by 6 PE its fair value comes to above 190/- while it is presently quoting just 103/-. The coming sugar year is not going to be any worse than what it was. Brazil may not produce sugar to full capacity because of Corona affect and there is an added advantage to companies as they produce senitiser using ethnol now. Lower interest rate also is advantageous for sugar industry. Dhampursug has paid 6/- as interim dividend in March ’20.

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