Sugar stocks rose after the central government said it will consider the sugar industry's demand to hike ethanol prices and the minimum selling price (MSP) of sugar
Key players in the sector, including Shree Renuka Sugars, Dhampur Sugars, and Balrampur Chini Mills, were among the top gainers.
During the last fiscal, Dhampur Sugar Mills had reported a net profit of Rs 228.96 crore over a total income of Rs 4,248.96 crore
Most brokerages have a positive stance on India's sugar industry as it appears well poised to benefit from global and domestic factors
Traders should not to trade aggressively now and rather continue with a stock-centric approach
Sugar companies have earned good profit during the 2016- 17 marketing year