 "sugar, sugar production, sugar output")
A letter by the Indian Sugar Mills Association (ISMA) to the Prime Minister's Office requesting an increase in the minimum price of sugar sparked a rally in shares of Balrampur Chini Mills, Dhampur Sugar Mills Limited and Avadh Sugar and Energy. Any further development regards to the increase in sugar price can push the stocks higher in a short span of time.
Here is their outlook on tech charts over the coming sessions:
Balrampur Chini Mills (BALRAMCHIN)
Likely target: Rs 400
Upside potential: 11%
The stock is trading on the higher side of the bullish trend and continues to scale upper levels
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