sugar companies

Sugar stocks sweeten gains on talk of supply shortages in key states

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Sugar stocks sweeten gains on talk of supply shortages in key states

Mumbai: Shares of sugar companies were among the top gainers on Thursday on expectations that prices would firm up on supply shortages in key states like Maharashtra and Karnataka. Out of the 35 sugar stocks on the BSE, 30 rallied in Thursday’s trade. Avadh Sugar soared 13.20%, Magadh Sugar jumped 12.8% and DCM Shriram rose … Read more

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

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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