Broader markets outperformed BSE Sensex on Wednesday with BSE Small Cap index gaining as much as 0.56 per cent or 139 points while BSE Sensex is down by 0.13 per cent.

The stock’s lifetime is at Rs 790 and it is still trading way below its all-time high, which was seen in the year 2007. Technically, the stock is a classical uptrend as it has formed a sequence of higher high & higher low on a high timeframe.   

This rise in sugar prices internationally has acted as a huge trigger for sugar mills in India.

Zydus Cadila announced of receiving final approval from USFDA for marketing market Fluphenazine Hydrochloride tablets in the strengths of 1 mg, 2.5 mg, 5 mg, and 10 mg.  

ROIC is a highly reliable and useful metric to consider when measuring investment quality. It is not readily available like other popular ratios, and it takes a bit of work, but once investors start figuring out ROIC, they can be better armed to pick out stocks with great value. 

On Thursday, Sensex declined by 379.14 points or by 0.73 per cent to close at 51,324.69 levels while Nifty fell by 0.59 per cent or 89.95 per cent to settle at 15,118.95 levels. 

The stock price took this development with positive sentiment. As per the last reported order balance status of the company, there was a decline of more than 50 per cent YoY in new order bookings, for the first quarter.

In recent management commentary, the company added that they plan to spend as much as Rs 1,500 crore over the next couple of months. The aim is to expand its production capacity.

Now, the most important question is, whether one should consider this as a buying opportunity at this juncture. It is currently trading just 0.20 times of its FY20 sales. Hence, from a valuations’ perspective, the stock may look cheaper but still, a few market participants are in wait & watch mode.

As per the press release on the stock exchanges, the bid for the project stands at the cost of Rs 1,905 crore. The stated project will have a completion period target of 24 months and its operational period will be 15 years from the date of completion.