‘Sweetness’ increased in sugar stocks, jump up to 20%, know the reason for the rise


Shares of Dhampur Sugar Mills gained 10.97 per cent on Monday.
Shares of KCP Sugar & Industries jumped nearly 14 per cent.
The share of Mawana Sugars Company also rose by about five per cent on Monday.

new Delhi. Shares of sugar making companies have been flying for two sessions. Major sugar stocks also recorded a boom in the previous trading session and on the first day of the trading week, these stocks saw a jump of up to 20 percent. Shares of Dalmia Bharat Sugar & Industries, Rajshree Sugar & Chemicals, Shakti Sugars, Dhampur Specialty Sugar and Simbhaoli Sugars gained more on Monday.

Moneycontrol According to a report, in view of the possibility of increasing the sugar export quota for the marketing year 2022-23, investors are investing heavily in sugar stocks. According to a report by India Ratings and Research, in 2018, the main problem of the sugar industry was resolved by fixing the minimum ceiling price of sugar, fixing the price of raw material and linking the price of the finished product with the market. Is. The sugar industry has also benefited from the ethanol blending program.

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which stock rose how much
Shares of Dalmia Bharat Sugar and Industries rose 13.20 per cent to close at Rs 417.80 on the NSE on Monday. Similarly, the share of Rajshree Sugar & Chemicals rose by about 20 per cent and closed at 66.65 in the evening. The share of Shakti Sugars also rose by Rs 14.63 and this share closed at Rs 32.90 (Sakthi Sugars Share Price). Shares of Dhampur Specialty Sugars also closed at Rs 34.85, up 19.97 per cent. Simbhaoli Sugars gained 19.86 per cent on Monday and closed at Rs 33.50.

Export quota may increase
According to a PTI report, the government may consider increasing the export quota of sugar for the marketing year 2022-23 after assessing domestic production in January. News agency Reuters also quoted Food Secretary Sanjeev Chopra as saying on December 15 that the central government may consider allowing additional sugar exports in January after estimating local production. The government has given permission to export 6 million tonnes of sugar during the marketing year 2022-23.

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