Page 4 - Sugar Stocks

Sugar stocks surge after hike in MSP; operating margins may jump 3-4%

Even sugar price in Mumbai wholesale market jumped to Rs. 3,229 per quintal and was quoted at 4 per cent premium to MSP

CCI fines wipe out a third of sugar stocks' fortnightly gain in just 3 days

CCI levies penalty of Rs 380 million on 18 sugar mills for ethanol price rigging in OMCs tender five years ago

Sugar stocks in sweet spot; surge 20% on hike in ethanol price

At 11:10 am, shares of Dhampur Sugar Mills, Avadh Sugar and Dwarikesh Sugar were trading 20 per cent higher each at Rs 140.45, Rs 567.15 and Rs 29.55, respectively.

Sugar stocks rise 20% on govt's announcement of hike in ethanol prices

Rising for the second straight session, sugar stocks Friday surged up to 20 per cent on the government's announcement of hike in ethanol price for blending in petrol by 25 per cent. In the previous trading session, shares of sugar firms had registered a rise of around 18 per cent. The government Wednesday approved an over 25 per cent hike in the price of ethanol produced directly from sugarcane juice for blending in petrol in a bid to cut surplus sugar production and reduce oil imports. Avadh Sugar & Energy, Ponni Sugars (Erode), Magadh Sugar & Energy, Simbhaoli Sugars, Rajshree Sugars & Chemicals, Dalmia Bharat Sugar & Industries and Uttam Mills rose as much as 20 per cent each and hit their upper circuit limits on the BSE. Shares of Shree Renuka Sugars surged 16.17 per cent and Thiru Arooran Sugars jumped 15.63 per cent. K M Sugar Mills rose 14.04 per cent. The Cabinet Committee on Economic Affairs raised the procurement price of ethanol derived from 100 per cent ...

From Balrampur Chini to Shree Renuka, sugar stock may remain under pressure

Share prices may remain under pressure as recent measures are unlikely to provide respite on realisation

Sugar stocks buck falling market trend, as govt moves to stem price fall

Sugar stocks bucked the broader falling trend in the benchmark Sensex and Nifty on Friday following the government's decision to impose stock holding limit to check its excess release of sugar into the market to arrest its price fall.While share price of Uttam Sugar jumped by 11.42 per cent to Rs 128.25 apiece, that Shree Mawana Sugars Ltd moved up by 7.68 per cent to Rs 65.20 apiece. Shares of Dhampur Sugars closed with a gain of 5.5 per cent to Rs 204.45 apiece on Friday while the S&P BSE Senses closed with a decline of 1.18 per cent or 407.40 points at 34005.76. Similarly, Nifty 50 ended on Friday with a decline of 1.15 per cent or 121.90 points at 10454.95 following global move.There has been a series of positive moves flowed into sugar sectors over the last few days. Firstly, the government doubled import duty on Tuesday to 100 per cent which arrested the price fall. Interestingly, traders were fearing import of around 1.5 million tonnes into India from Pakistan on which ...

Govt may scrap sugar stock limit to arrest price fall

Industry representatives met food ministry officials late last week to urge the government to remove the stock limits

Sugar stocks up on import duty hike

Govt increased import duty to 50%, from existing 40%, to restrict cheap inward shipments

Best may be behind for sugar stocks

UP-based sugar producers better placed to continue with a stronger balance sheet on declining debt

Sugar stocks jump on hope of price rise

Sugar stocks moved up by up to eight per cent on Friday, in anticipation of a further increase in price in the coming months, following a forecast of lower production and the government's reluctance on import.The share price of Parrys Sugar jumped by nearly eight per cent to close on Friday at Rs 66.95, followed by a 6.8 per cent increase in the stock of Oudh Sugar Mills to Rs 140.30. The stocks of Dwarikesh Sugar, Dhampur Sugar and Balrampur Chini rose by 4.6 per cent, 4.3 per cent and four per cent, respectively.However, those of Bajaj Hindusthan and Shree Renuka Sugars remained stable, rising 0.7 per cent and 0.3 per cent. "The government has been watchful on a sugar price increase. Hence, a big price rise is unlikely this year but a Rs 2 a kg rise cannot be ruled out in the coming months," said an analyst with a global stockbroking company, on request of anonymity.Sugar prices have been rising intermittently since the beginning of the current season in October, over lower output ..

Sugar stocks higher in North India

According to Isma, a total of 107 mills are continuing their operations in UP

Sugar scrips up on debt recast hopes

Other gainers include Simbhaoli Sugars (25%), Shree Renuka (12.2%) and Bajaj Hindusthan (11.7%)

Sugar stocks up on global price jump

Lower production estimate in Asia to keep world market in deficit for a second year

Sugar stocks jump up to 19%

Expectation of higher profitability at mills on less output fuels the rally; export levy impact now shrugged off

Await correction to buy sugar stocks

Already sitting on low debt, Balrampur Chini plans to utilise surplus cash to reduce its debt further