Thu, Feb 22, 2024
Sugar stocks today: The fair and remunerative price is the minimum price that sugar mills must pay farmers. The FRP of sugarcane for sugar season 2024–25 is fixed at Rs 340/quintal at a sugar recovery rate of 10.25 per cent.
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Tue, Jan 16, 2024
Zee Business had reported, citing sources, on December 29 that the government was mulling the imposition of an export duty to the tune of 40-60 per cent on molasses.
Fri, Jan 05, 2024
At around 9:55 a.m., BCL Industries shares were up nearly 10 per cent, Gulshan Polyols stock was up over 4 per cent, Rajshree Sugars was up over 2 per cent, while Shree Renuka Sugars, Bajaj Hindusthan Sugar, and Mawana Sugars were trading over 1 per cent higher.
Wed, May 25, 2022
Sugar stocks reacted sharply on Wednesday after the government imposed restrictions on sugar exports from June 1, a move aimed at increasing availability of the commodity in the domestic market and curbing price rise
Tue, May 24, 2022
Sugar companies’ shares plunged up to 15 per cent on the BSE intraday during Tuesday’s trading session as the government is looking to cap sugar exports for this year at 10 metric tonnes, Zee Business said while quoting Bloomberg’s report.
Fri, May 13, 2022
Sugar stocks such as Dalmia Bharat, Balrampur Chini Mills, Triveni Engineering, Dwarikesh sugar, Mawana Sugars and others rose on Friday after the government gave in-principal approval to 46 ethanol projects.
Fri, Apr 22, 2022
Shares of Shree Renuka Sugars surged nearly 15% in intraday trade to hit a fresh 52-week high of Rs 63.20 per share on the BSE on Friday.
Tue, Apr 19, 2022
In an otherwise volatile market, sugar stocks sweetened up to 9 per cent on the BSE intraday trade on Tuesday amid expectation of strong operational performance and higher sugar realizations.
Mon, Apr 11, 2022
During a candid radio podcast, 'Kadak Currency’, with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi said people looking forward to investing in the stocks should wait for a correction in the market, due to an unknown factor, and then can buy manufacturing-related stocks, defence shares, paper stocks and sugar stocks.
Thu, Apr 07, 2022
Amid multiple triggers for sugar stocks, shares of Shree Renuka Sugars spurted 17% to hit fresh 52-week high on Thursday.
Wed, Apr 06, 2022
Individually, shares of Magadh Sugar & Energy, Rana Sugar, Uttam Sugar Mills, and KM Sugar gained between 16-20 per cent, while Andhra Sugar stock, which hit a new 52-week high, jumped over 12 per cent on the BSE intraday.
Thu, Mar 24, 2022
Sugar stocks have been flavour of the season amid ethanol blending push by the government and bullish views by brokerages in the recent past.
Mon, Mar 21, 2022
Share prices of sugar companies shot up to 9 per cent on the BSE intraday during Monday’s trading session have, with a few stocks even hitting their new 52-week highs.
Sugar stocks extended gains on Monday after Union Road Transport and Highways Minister Nitin Gadkari urged for an increase in ethanol production.
Mon, Mar 14, 2022
Shares of sugar companies have jumped up to 18 per cent on expectations of strong volume growth and optimistic outlook. Many sugar stocks hit their 52-week highs on the BSE on Monday.
Fri, Mar 11, 2022
Sugar stocks were trading higher on Friday after India's sugar exports rose on global price rally and weak rupee.
Tue, Mar 08, 2022
Sugar stocks rallied as much as 17% on Tuesday even as the markets extended losses for the fifth session amid geopolitical tension and surging oil price.
Thu, Mar 03, 2022
Crude oil is on the boil as prices hit USD 115 for Brent on Thursday amid the ongoing Ukraine-Russia tension. But not everybody is complaining. The domestic sugar companies are set to gain from this rally in oil as the focus turns on blending fuel with ethanol.
Thu, Feb 17, 2022
Sugar stocks have been on roll for the past one month and have gained substantially in the last one year on back of good earnings in q3 and ethanol blending plan
Wed, Feb 09, 2022
Sugar stocks have been surging on back of capacity expansion, ethanol blending programmed and good q3 earnings.
Thu, Feb 03, 2022
Lately, sugar stocks have been in focus mainly on the back of two reasons - one was overall crunch in sugar export globally and the government increasing the blend percentage to reduce the oil import bill.
Tue, Feb 01, 2022
The finance minister had announced this while presenting the Union Budget 2022-23 in the Parliament today. The tax shall be applicable from October 1, 2022.
Thu, Dec 09, 2021
Another reason for these stocks are on roll is mainly on the expectation that for at least the next one year the sugar prices at both domestic and global levels to be firm, on the back of lower inventories.
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