Dwarikesh Sugar Industries

The stellar performance of sugar stocks began in 2021, and is likely to continue in the new year - 2023, indicates the technical charts.

With a favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations; operating margins of sugar companies are expected to improve.

Balarmpur Chini, Triveni Engineering, Shree Renuka, Dhampur Sugar, Dalmia Sugar and Avadh Sugar gained in the range of 4 per cent to 8 per cent in Tuesday's intraday trade

The stock dipped 9% to Rs 61 in intra-day trade, extending its 11% decline in past two days on BSE

The stock moved higher by nearly 4% to Rs 372, bouncing back 16% from intra-day low of Rs 322 on the BSE.

The stock moved higher by 10% to Rs 205, rebounding 15% from intra-day low on the BSE

The stock istrading at its 52-week high, zooms 81% since February 29, as compared to 8% rise in Sensex.