After a good close on Tuesday, sugar stocks continue their green run on Wednesday. Around 11:15 am, top leaders in the sugar pack are Dhampur Bio at 148.5 up 9.05%, Ugar Sugar Works at 81.7 up 4.95%, DCM Shriram Inds. at 222.21 up 3.2% and Rana Sugars at 24.61 up 2.93%.
Other sugar stocks trading with gains are Avadh Sugar, Simbhaoli Sugar, Balrampur Chini, Magadh Sugar,Davangere Sugar, Mawana Sugars, Dhampur Sugar, Bannari Amm. Sugar., Triveni Engg. Ind., Vishwaraj Sugar, Uttam Sug. Mills, Dwarikesh Sugar, Kothari Sugars, Bajaj Hindusthan, Dalmia Bharat, Zuari Industries and Ponni Sugar Erode, KM Sugar Mills, and Renuka sugars.
Experts said that Petroleum Ministry Hardeep Singh Puri’s statement on ethanol blending has lifted sentiment in the market.
He said that he is reasonably confident that the 20% blending target, which was brought forward from 2030 to 2025, will be completed by 2025.
