Rana Sugars Share Price Target: Rana Sugars Limited is an Indian company that co-produces sugar, ethanol, and electricity. Rana Sugars Limited is a part of the Rana Group and was formed as a joint venture with Punjab Agro Industrial Corporation Limited. If you have invested or want to invest in Rana Sugars, then in this article we will provide information about the company’s short-term, mid-term, and long-term forecast and share price targets, in which we will understand in detail the Rana Sugars share price targets in 2024, 2025, 2026, 2027 and 2030.
About Rana Sugars Limited (What does Rana Sugars Limited do?)
Rana Sugars Limited was established in 1992 in collaboration with Punjab Agrocorporation. In 2002, RSL set up a CO2-generation project to generate surplus power from bagasse (a by-product of sugar) and export it to the Punjab State Electricity Board.
The company has three major divisions: Sugar, Power, and Distillery.
- Sugar Division: The sugar division of the company produces and sells sugar, molasses, and bagasse. The company has three sugar manufacturing units in India: Buttar (Punjab), Moradabad, and Rampur (Uttar Pradesh).
- Distillery Division: The distillery division produces ethanol and alcohol. It has two manufacturing units: Laukaha (Punjab) and Belwara (Uttar Pradesh). At Laukaha the company produces both ethanol and alcohol, while at Belwara only ethanol is produced.
- Power Department: The power department co-generates electricity using bagasse from sugar production. This department also produces electricity by procuring fuel from external sources.
Experts believe that this stock can make good money for investors in the next few months and years like 2025, 2026, 2027 and 2030.
Rana Sugar Share Price Trend
Rana Sugars share price today (Rana Sugars Share Price Today) -> ₹23.50
Rana Sugar share price history: If we look at the history of Rana Sugar stock, it was listed on 24 February 2005 at a price of Rs 26.40 and after listing, this stock saw consolidation with some fluctuations. On January 16, 2006, the stock broke out of its previous high (₹36.49) with volume and on January 24, 2006, it hit its lifetime high of ₹53.03. Since then, the downfall of this stock started which lasted till April 2021. Since 2022, it has been moving in a channel, as soon as the breakout comes, a good uptrend can be seen in this stock.
Talking about the last year, this stock has given returns of around -5% to investors, and in the last 6 months, this stock has given returns of up to -7%.
| Duration | Value |
|---|---|
| 1 Year | -5.81% |
| 6 Months | -7.66% |
| 1 Month | -4.00% |
Talking about the short term, this stock is currently stuck in a range, if there is a breakout, then this stock can see good growth in the future. If you want to know what will happen next in Rana Sugars stock, then let’s look at the upcoming targets derived by studying the company’s technical charts, fundamentals, and financials.
Rana Sugar Share Price Target 2024
| First target | ₹27.57 |
| Second target | ₹29.84 |
| Third target | ₹32.12 |
Rana Sugar Share Price Target 2025
| First target | ₹34.36 |
| Second target | ₹36.16 |
| Third target | ₹38.06 |
Rana Sugar Share Price Target 2026
| First target | ₹40.61 |
| Second target | ₹44.36 |
| Third target | ₹49.83 |
Rana Sugar Share Price Target 2027
| First target | ₹53.03 |
| Second target | ₹60.00 |
| Third target | ₹70.00 |
Rana Sugar Share Price Target 2030
| First target | ₹250.00 |
| Second target | ₹375.00 |
| Third target | ₹500.00 |
Note: These forecasts and targets are based on technical analysis, past performance, and machine learning models and are provided for educational purposes only and not as investment advice from us.
Rana Sugar Financial Results
If we look at the financial results of Rana Sugar, the company’s sales stood at Rs 415 crore in the March 2024 quarter and the net profit (Profit After Tax) was recorded at Rs 22 crore.
| Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 415 | 337 | 340 | 500 | 452 | 370 | 378 | 427 | 486 |
| Expenses | 379 | 319 | 345 | 467 | 394 | 346 | 370 | 404 | 425 |
| Operating Profit | 36 | 18 | -5 | 33 | 48 | 14 | 1 | 20 | 40 |
| Profit After Tax | 22 | 6 | -15 | 15 | 45 | 2 | 1 | 16 | 17 |
Rana Sugar Share Latest News
If you are investing or planning to invest in Rana Sugar Limited shares, it is important to keep track of the company’s recent announcements and market trends.
👉 (News Date: 1 July, 2024) – Rana Sugar Limited has announced a change in management. Mr. Basant K. Bajaj, who was earlier an Independent Director, has now been appointed as Additional Director in Infomerics Valuation & Rating Private Limited, thereby no longer being independent of Rana Sugar Limited. Therefore, his category has been changed from Non-Executive Independent Director to Non-Executive Non-Independent Director, subject to shareholders’ approval.
Rana Sugar Share Price Target FAQs
What is the market cap of Rana Sugars?
The market cap of Rana Sugars is Rs 361 crore.
What is the Promoter holding in Rana Sugar?
The promoter’s stake in Rana Sugar is 22.65%. In the June 2024 quarter, the promoters’ stake in the company has increased to 22.65%, which was 22.65% in March 2024.
Who is the founder of Rana Sugars?
The founder and chairman of Rana Sugars is Rana Ranjit Singh.
