Hold Sanwaria Agro Oils, target of Rs 72: KRChoksey

>> Wednesday, August 12, 2009

KRChoksey has maintained its hold rating on Sanwaria Agro Oils with a price target of Rs 72 in its report dated August 10, 2009.

"The consumption of soy oils is outstripping the production and also use of oils for bio fuels will be a key bullish factor for increasing demand of soy oil. Also, margins for SAOL will improve with production of production of soyabean derivative products having higher margins. With this, we maintain our ‘HOLD’ recommendation on Sanwaria Agro Oils, with a target price of Rs 72 giving an upside potential of 10% from its current levels," says KRChoksey's report

Source: Money Control.