
Why are sugar stocks trading higher today?
KCP Sugar, Uttam, Mawana, Shree Renuka rallied up to 17% after the government announced a 100% incentive for sugar sacrificed for the production of ethanol.
KCP Sugar, Uttam, Mawana, Shree Renuka rallied up to 17% after the government announced a 100% incentive for sugar sacrificed for the production of ethanol.
Shares of Sakthi Sugars, Dhampur Sugar Mills, Mawana Sugars, Balrampur Chini, Shree Renuka, Bajaj Hindusthan, and EID Parry rallied up to 20% intraday today.
Only 11% of the atta sold is branded. Just 5% of rice is branded, while 95% of sugar and 92% of pulses are sold loose
At ₹16.78 on Tuesday, the penny stock has doubled from its 52-week low of ₹8.37 on August 17, 2022.
The country earned foreign currency worth ₹40,000 crore through the sugar exports.
The Union Cabinet raised sugarcane fair and remunerative price (FRP) by 5% to ₹305 per quintal; decision to benefit 5 crore sugarcane farmers
Shares of Dhampur Sugar, Shree Renuka, Dwarikesh Sugar, Andhra Sugar and Bajaj Hindustha fell up to 5% in opening trade.
This multibagger stock has risen from its 52-week low of ₹9.80 in April last year, to ₹55.50 intraday today, logging 466% growth in one year.
India calls WTO panel's adverse findings 'erroneous', to challenge decision
The slide continued through the week, though at a slower pace and also with some recovery. The Sensex ended Friday’s trade 2.39% lower from the previous day’s close. The Nifty 50 closed 2.06% lower.