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News
Analysts selective on sugar stocks as higher prices keeps outlook upbeat
Date:
05 Oct 2023
Source:
Business Standard
Reporter:
News ID:
57027
Pdf:
Nlink:
https://www.business-standard.com/markets/news/analysts-selective-on-sugar-stocks-as-higher-prices-keeps-outlook-upbeat-123100400643_1.html
Sugar prices are hovering near six-year highs, leaving a bad taste in Indian consumers' palates but sweetening the portfolios of investors in related stocks at Dalal Street.
Shares of sugar manufacturers such as Piccadily Agro, DCM Shriram, Magadh Sugar, and Bajaj Hindustan have rallied up to a whopping 200 per cent so far in the financial year 2024 (FY24) as deficient monsoon rains in major sugarcane producer states like Maharashtra and Karnataka are expected to lead to a shortfall in
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