Brokerage Emkay initiated a buy rating on Tejas Networks, Dam Capital maintained a buy rating on Dwarikesh Sugar, Motilal Oswal has a neutral rating on Barbeque-Nation and ICICIdirect recommended a buy on Saregama India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Emkay on Tejas Networks: Buy| … Read more
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 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 jumped over 13% on the NSE on Thursday on the likelihood of a 14% fall in sugar output in Maharashtra in the 2023-24 crop year. Dalmia Sugar was the top gainer, while Dhampur Sugar, Avadh Sugar & Energy, Balrampur Chini Mills, Rana Sugar, Shree Renuka Sugars, The Ugar Sugar, Dwarikesh Sugar, Eid Parry … Read more
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
Dwarikesh Sugar Industries has declared an interim dividend of Rs 2 per share on the face value of Rs 1 per share (200%) for the current financial year 2022-23. The company has fixed March 31 as the record date to determine the eligibility of shareholders for the said dividend payment. The shares of Dwarikesh Sugar … Read more
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
Shares of sugar companies such as Dalmia Bharat Sugar and Industries, Rajshree Sugar & Chemicals and rallied up to 20% on the BSE in Monday’s intraday trade as reports were doing rounds that the government may increase sugar export quota after assessing the domestic production in January. In November, the government allowed the export of … Read more
Select stocks from the FMCG space managed to give 50-100 per cent returns in the last year, outperforming the S&P BSE FMCG index by a wide margin which is up over 7 per cent in the same period and 16 per cent so far in 2022. Stocks that more than doubled investors’ wealth in the … Read more
The Indian sugar industry, the second largest global producer after Brazil (~36.5 MT), with 30.8 MT of production in the sugar season (Oct-Sep) 2020-21, was traditionally known for exports, cyclicity and its high operating costs. Synopsis The sugar sector is undergoing a massive revolution and has emerged as a powerful driver of clean energy, accelerating … Read more