G20 biofuel initiative: Sugar stocks Shree Renuka, Balrampur Chini, EID Parry rally up to 7%
Sugar stocks such as Dalmia Bharat Sugar, Triveni Engineering, Bajaj Hindusthan, Dhampur Sugar Mills rose in the range of 2% to 5%.
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Sugar: On The Boil
The All India Sugar Trade Association has trimmed production estimates by 3% for the crop year spanning October 2022 to September 2023.
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.
Sugar stocks surge up to 20%; here’s why
Shares of Sakthi Sugars, Dhampur Sugar Mills, Mawana Sugars, Balrampur Chini, Shree Renuka, Bajaj Hindusthan, and EID Parry rallied up to 20% intraday today.
This sugar stock rallies 56% in four sessions; here’s why
At ₹16.78 on Tuesday, the penny stock has doubled from its 52-week low of ₹8.37 on August 17, 2022.
Cabinet hikes sugarcane FRP by 5%; here’s how sugar stocks reacted
The Union Cabinet raised sugarcane fair and remunerative price (FRP) by 5% to ₹305 per quintal; decision to benefit 5 crore sugarcane farmers
Sugar stocks extend fall as govt restricts exports
Shares of Dhampur Sugar, Shree Renuka, Dwarikesh Sugar, Andhra Sugar and Bajaj Hindustha fell up to 5% in opening trade.
This sugar stock delivered 460% returns in just one year!
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.
