Sugar stocks jump up to 15% after govt allows mills to divert sugar for ethanol

Sugar stocks jump up to 15% after govt allows mills to divert sugar for ethanol

The sugar sector surged over 15% on Monday after media reports said that the government has decided to allow sugar mills to divert up to 1.7 million metric tons of sugar for ethanol production. The move comes on the back of curbs on the diversion of sugar for ethanol production as part of efforts to … Read more

Sugar stocks tank up to 7% on government’s ethanol production curbs

Sugar stocks tank up to 7% on government’s ethanol production curbs

Sugar stocks continued to correct on Friday for the second day following the curbs by the government on ethanol production. Among the top losers were Shree Renuka Sugars which plunged over 7% in the opening trade amid high volumes, followed by Balrampur Chini, Rana Sugar, The Ugar Sugar Works and Dwarikesh Sugar, which lost up … Read more

Sugar stocks surge up to 10% on firm price forecasts

Sugar stocks surge up to 10% on firm price forecasts

Mumbai: Shares of sugar producers were among the top gainers in Wednesday’s trading on news reports Alvean, the world’s largest sugar trader, forecast a global shortage in the season starting October. With the domestic festive season around the corner, analysts expect sugar prices to firm up on account of shortages. Avadh Sugar & Energy surged … Read more

Sugar stocks jump up to 8% amid fears of production drop; Rana Sugar, Renuka top gainers

Sugar stocks jump up to 8% amid fears of production drop; Rana Sugar, Renuka top gainers

Sugar stocks gained up to 8% on Wednesday riding on concerns over production in the wake of weak monsoon in the growing areas. The top gainer was Rana Sugar which was up 5% in the opening trade. It was followed by Shree Renuka Sugars, The Ugar Sugar, Dwarikesh Sugar, Eid Parry, Triveni Engineering & Industries … Read more

2 top stock recommendations from Gaurav Bissa

2 top stock recommendations from Gaurav Bissa

“44200 is the breakout area. If Nifty Bank gives a close above 44200, then we can expect a swift move towards 45000 on Bank Nifty and it can propel Nifty index as well,” says Gaurav Bissa, InCred Equities.18400 is on the cards. Given the fact it is expiry week a lot of moving parts about … Read more

F&O Ban: Delta Corp, Balrampur Chini under ban for trade on Monday

F&O Ban: Delta Corp, Balrampur Chini under ban for trade on Monday

Two stocks – Delta Corp and Balrampur Chini Mills are under the F&O ban for trade on Monday, April 17, according to the data available on the NSE. The stock, however, will be available for trading in the cash market. Both Delta Corp and Balrampur entered the ban last week. The future & options contracts … Read more

Sectoral Spotlight: Export relaxation, ethanol story brings sugar sector in focus; Balrampur Chini top pick

Sectoral Spotlight: Export relaxation, ethanol story brings sugar sector in focus; Balrampur Chini top pick

India’s sugar sector is under spotlight as the government has allowed sugar companies to export an additional one million tonnes if the country meets its target of 33.6 million tonnes for the marketing year 2022-23 (April-March). The government had capped it to 6 million tonnes for the reporting period. Commodity and currency expert Anuj Gupta … Read more

Move above 17,300 could take Nifty towards 17,800: Analysts

Move above 17,300 could take Nifty towards 17,800: Analysts

Technical analysts expect the Nifty to test 17,300 in the short term after the index closed above the 17,000-mark for the first time in nearly two months on Friday. The Nifty ended with a gain of 2.6% last week at 17,158.25. If it crosses 17,300, a further upmove towards 17,800 cannot be ruled out, said … Read more

Up over 270% in 2 years! This multibagger sugar stock is still in a sweet spot

Up over 270% in 2 years! This multibagger sugar stock is still in a sweet spot

Shares of sugar companies have been in focus after the government announced various initiatives to ensure the sector’s financial position remains healthy. stock has delivered over 270 per cent return to its shareholders in the last two years. It hit a 52-week high of Rs 525.70 on April 8, 2022, and a 52-week low of … Read more

Adani group could go the Reliance way: Gautam Shah

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There is a mega bull market playing in midcap IT and we have been recommending some stocks in this space to our subscribers, says the Founder & Chief Strategist at Goldilocks Premium Research. Let us talk about this relentless move. Now we are at 11,600. Do you reckon that we are in for a bout … Read more