Uttam Sugar Mills Ltd (NSE: UTTAMSUGAR): Due to the strong start in the stock market, tremendous action is being seen in many stocks. In such a situation, opportunities are also ready for investors to earn.
Retail investors can bet on the opinion of a market expert for strong earnings from the market. The market expert has chosen a strong stock for purchase.
This stock is a good option to include in a portfolio from the short-term to long-term. The market expert is confident that strong action can be seen in this stock in the coming time and investors can earn a lot.
Market Experts Chose This Stock
The market expert has chosen Uttam Sugar Mills Ltd for purchase. The expert said that this stock has been working since 1933.
The expert said that for some time the company has earned Rs 115 crore continuously. This company can boast a solid balance sheet and management is also very good.
Uttam Sugar – Buy
CMP – 353
Target Price – 390/430
What Does The Company Do?
Experts said that this company works for the sugar, power generation, and ethanol sectors. Experts say that this stock is fundamentally very strong and is the cheapest stock in the sugar sector.
This stock trends at a PE multiple of 11.5. Experts said that after correcting from the upper level, it is now trading at this price.
In June 2023, the company had presented a profit of Rs 20 crore but in June 2024, the company presented a profit of Rs 6.5 crore. The promoters’ shareholding in the company is 75 percent.
The experts have said that this stock is a good candidate to be a part of the portfolio in a long-term and short-term view.
Quick Fact
| Company name | Uttam Sugar Mills |
|---|---|
| Sector | Sugar, power, ethanol |
| Founded | 1933 |
| Profit June 2023 | ₹20 crore |
| Profit June 2024 | ₹6.5 crore |
| Promoters’ shareholding | 75% |
| PE multiple | 11.5 |
| CMP | ₹353 |
| Possible target price 1 | ₹390 |
| Possible target price 2 | ₹430.40 |
| Suitable time | Short-term to long-term |
| Balance sheet | Strong |
| Management | Very good |
| Expert opinion | Good for portfolio |
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