Sakuma Exports multibagger
Sakuma Export’s share may show a target of Rs 10 to 12 rupees the short term. Company’s profit in SEP -24 Q2 was less. In 5 years, Profit in Q2 is always less. And now in the coming days in December, the government may lift the export ban on sugar, which will benefit Sakuma Exports.
The company had also raised funds through QIP. And bonus shares were also given.
After issuing bonus shares, the stock continues to fall till now. Now the expected decline in the share of Sakuma Export has happened. Now this share will not fall much and neither will the negative impact of Q2 results be seen because the share has already gone down a lot.
Now the stock is ready to take a new high from here. And in the coming few days the share of Sakuma Export may go from 10 to 12 rupees. And if the share of Sakuma Export remains at Rs 12 rupees. So the target of Rs 15 to 17 will be open on Jan-FEB-25.
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