Hold Avadh Sugar & Energy Limited:

Avadh Sugar & Energy Ltd has officially announced consolidated sales of Rs. 699.89 Cr for the second quarter finished on 30-09-2020, which is 12.78% up from its previous quarter sales of Rs. 620.59 Cr and -19.70% down from its previous year same quarter sales of Rs. 871.64 Cr. The company has reported net profit after tax Rs. 3.73 Cr in the previous quarter

Outlook:

Avadh Sugar & Energy Ltd: Experts suggested hold call at current market price: Rs. 193.65 with a target price: Rs. 210.

Hold Dwarikesh Sugar Industries Limited:

Dwarikesh Sugar Industries Ltd has officially announced consolidated sales of Rs. 87.03 Cr for the third quarter finished on 31-12-2020, which is 18.15% down from its previous quarter sales of Rs. 143.55 Cr and 26.54% down from its previous year same quarter sales of Rs. 165.16 Cr. The company has reported a net profit after tax of Rs. -7.97 Cr in the previous quarter.

Outlook:

Dwarikesh Sugar Industries Ltd: Experts suggested hold call at current market price: Rs. 31.95 with a target price: Rs. 36.

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