*Q3 up 1400%*:Dwarikesh Sugar

Dwarikesh Sugar has reported fabulous nos for Q3;

Net Sales  220cr vs 210cr

_NP 42.35cr vs 2.84cr_

EPS Rs 22 vs 1.25

Q3 NP up 1400% despite *one time provision of 11cr*

_9month EPS 63.64 vs -9.96_

With further rise in sugar price in recent weeks, Q4 should be better than Q3

Dwarikesh should report EPS of Rs 90 for FY17

Even if stock gets modest PERatio of 8, stock price should be Rs 700 in 3-6 months