Sugar: At 20-Month Low
Macroscope sector
Macroscope sector
Nestlé India says it has already reduced added sugars by up to 30% over the past 5 years depending on the variant.
The revised FRP will be applicable with effect from October 1, 2024.
Sugar stocks such as Dalmia Bharat Sugar, Triveni Engineering, Bajaj Hindusthan, Dhampur Sugar Mills rose in the range of 2% to 5%.
The All India Sugar Trade Association has trimmed production estimates by 3% for the crop year spanning October 2022 to September 2023.
The margins in beauty are north of 45%-50%, thus making it an attractive business for retailers
KCP Sugar, Uttam, Mawana, Shree Renuka rallied up to 17% after the government announced a 100% incentive for sugar sacrificed for the production of ethanol.
Shares of Sakthi Sugars, Dhampur Sugar Mills, Mawana Sugars, Balrampur Chini, Shree Renuka, Bajaj Hindusthan, and EID Parry rallied up to 20% intraday today.
Only 11% of the atta sold is branded. Just 5% of rice is branded, while 95% of sugar and 92% of pulses are sold loose
At ₹16.78 on Tuesday, the penny stock has doubled from its 52-week low of ₹8.37 on August 17, 2022.