Scripscan:Rana Sugars Ltd
cmp:4
Code:507490
Story:Rana Sugars Limited engages in the manufacture and sale of sugar in India. The company offers white crystal sugar, double refined white sulphur less sugar, plantation white sugar, raw sugar, and molasses. It also manufactures various grades of alcohol, such as rectified spirit, denatured spirit, and potable grade extra neutral alcohol; and involves in the generation of power.Rana sugars performance has been pathetic to say the least over the last few quarters.Rana Sugars reported net loss of Rs 24.07 crore in the quarter ended September 2011 as against net loss of Rs 41.09 crore during the previous quarter ended September 2010. Sales declined 22.36% to Rs 64.22 crore in the quarter ended September 2011 as against Rs 82.72 crore during the previous quarter ended September 2010.If one has to stay with sugar then best thing would be to be with the leaders.Smaller players would find it pretty tough to find their feat.Investors having rana sugars should exit at rallies.
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