Business Standard

Sugar stocks to sweeten in 2023; Dwarikesh, Renuka can rally up to 37%

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

sugar
Premium

Sugar stocks likely to extend rally in 2023.

Avdhut Bagkar Mumbai
Shares of sugar companies shares were seen trading with a positive bias on Tuesday even as the benchmark indices exhibited a cautious movement in trades so far. The BSE Sensex and Nifty 50, were seen holding marginal gains in late morning deals after the initial volatility.

Among individual stocks, shares of KCP Sugar and Industries have skyrocketed 12 per cent. Uttam Sugar Mills, Mawana Sugars and Shree Renuka Sugars have soared over 6 per cent each. 

Off late, sugar stocks were in demand on hopes of rise in export quota in January. So far the Indian government has

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in