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
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
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
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 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
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
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
New Delhi: Shares of sugar companies shot up as much as 8 per cent on Thursday after the government brought forward the deadline for attaining 20 per cent ethanol-blending with petrol by two years to 2023. This is likely to reduce India’s dependency on costly oil imports. “The Central Government hereby directs that the oil … Read more