India's sugar export rose 20 per cent to an all-time high of 7.1 million tonne in the 2020-21 in the marketing year ended ended September 2021 on the back of better demand and financial assistance fro
Any further development regards to the increase in sugar price can push the stocks higher in a short span of time
Sugar industry, analysts say, is well poised to benefit from, both, global and domestic factors
Triveni Engineering hit a record high of Rs 198 as the scrip rallied 18 per cent today, taking its gains to 31 per cent in the past two trading days
Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today
The combined market capitalisation (m-cap) of the country's top 15 sugar manufacturers was down 2.8 per cent on average on Friday
Hindustan Petroleum's (HPCL) fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains
Shares of several firms rally between 15% and 20%
For the past few years, the sugar industry has faced the twin headwinds of surplus production and higher sugar inventory, leading to pressure on sugar prices
Export subsidy announcement a positive but high valuation could restrict gains
Balrampur Chini, Triveni Engineering, Uttam Sugar Mills, Dhampur Sugar Mills, Shree Renuka Sugars, EID Parry and Dwarikesh Sugar Industries were up in the range of 3% to 5%
Since a significant quantity of sugarcane juice and B-molasses will be diverted into ethanol production, a proportionate quantity of sugar production will get reduced, ISMA said
Increase in minimum price of cane and export policy in new sugar season are also crucial to drive earnings
According to Crisil, sugar offtake in the current sugar season is expected to remain more or less at last season levels despite the Covid-19 pandemic
With malls and restaurants being allowed to re-open from June 8, sugar demand is expected to rise
Balrampur Chini Mills, Dwarikesh Sugar, EID Parry, Dalmia Bharat Sugar and Industries, Mawana Sugars, Rajshree Sugars & Chemicals and Dhampur Sugar were up between 5% and 9% on the BSE.
Balrampur Chini Mills surged 5% to Rs 183, to quote at its highest level since May 2006. In the past month, it has outperformed the market by zooming 24%, as compared to a 1% rise in the Sensex
Reducing sugar surplus, rising ethanol procurement, and potential for exports bode well
Dalmia Bharat Sugar, Avadh Sugar & Energy, Triveni Engineering & Industries, Dwarikesh Sugar Industries and Dhampur Sugar Mills were up in the range of 3 per cent to 7 per cent on the BSE.
With the highest ever cane arrears, estimated to be over Rs 20,000 crore, the sugar industry is passing through a difficult phase