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Uttar Pradesh initiates recovery proceedings against five sugar mills

Uttar Pradesh initiates recovery proceedings against five sugar mills
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Sugar stocks turn sweeter as govt advances ethanol-blending deadline

Shares of Balrampur Chini Mills rallied 8 per cent to Rs 325.85, whereas Rana Sugars showed similar gains to trade at Rs 15.92. Shree Renuka Sugars and Bajaj Hindustan hit upper circuit limits of 5 per cent to Rs 15.65 and Rs 11.70, respectively. ....

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03Jun2021 Pre-Market Commentary: Futures Dump As Meme Stock Mania Goes Into Overdrive, DOW Down 183 Points, Nasdaq Down 0.9%, WTI Crude 68.95, ADP Employment Grew 978,000

Written by GaryUnemployment claims fall below 400,000 for the first time during the pandemic (SPY -0.6%). Larger than expected crude draw fuels oil price rally. ....

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BSE Smallcap index at new high; Angel Broking, Apcotex zoom 100% in a month

Read more about BSE Smallcap index at new high; Angel Broking, Apcotex zoom 100% in a month on Business Standard. Bajaj Hindustan, Praj Ind, Zee Media, Tata Steel BSL, Dhampur Sugar, Gateway Distriparks, Jay Bharat Maruti and Gokaldas Exports have rallied between 60% and 90% in the past month ....

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Sugar stocks on a roll; Dwarikesh, Dhampur, Uttam, Dalmia soar over 15%

Shares of sugar companies were on a roll at the bourses, on Monday, with Bajaj Hindustan, Dwarikesh Sugar Industries, Dhampur Sugar Mills, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallying between 15 per cent and 20 per cent, in an otherwise weak market, on healthy outlook.
Triveni Engineering & Industries, EID Parry, Shree Renuka Sugars and Balrampur Chini Mills gained in the range of 10 per cent to 12 per cent. In comparison, the S&P BSE Sensex was down 0.61 per cent at 48,484 points, at 02:03 pm.
Most of the brokerages have positive stance on India’s sugar industry as it is well poised to benefit from global and domestic factors. Lower output from countries like Brazil, Thailand and the EU would keep supplies tight and global prices firm, enabling India to increase exports. On the domestic front, favorable policies, rising ethanol demand (blending target of 20 per cent by CY25 from 8 per cent currently), aggressive ethanol capacit ....

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