Sugar stocks in news today: Stocks of Avadh Sugar and Energy, Shree Renuka Sugars, Dhampur Sugar, Balrampur Chini Mills, EID Parry, Ugar Sugar, Magadh Sugar and Energy rose in early deals today.
BTTV's Aastha Chopra had an exclusive interaction with Manoj Kumar Singh, Chief Secretary, Uttar Pradesh Government. Manoj Singh elaborated on the recent Memorandum of Understanding (MOU) signed between Balrampur Chini Mills Ltd. and Invest UP. He highlighted the MOU's exchange between Mr. Vijay Kiran Anand and Ms. Avantika Saraogi, in his and Mr. Vivek Saraogi's presence. Mr Singh also mentioned that it paves the way for India’s first industrial-scale biopolymer plant in Uttar Pradesh, a Rs 2850 Crore investment by BCML. Singh emphasized the plant's ambition to be powered entirely by 100% renewable energy, and uniquely transforming sugarcane into PLA. He also mentioned the launch of Balrampur Bioyug and Bioyug on Wheels, a mobile experience demonstrating PLA's transformative potential.
BTTV’s correspondent Aastha Chopra had an exclusive conversation with Avantika Saraogi, Executive Director of Balrampur Chini Mills Ltd., unveiling India’s first PLA biopolymers manufacturing plant. Saraogi emphasized the company’s innovative drive, leveraging farmers, energy, and technology to produce PLA, a sustainable alternative to plastic, priced double but gaining traction with PLA straws. Supported by government subsidies, Saraogi highlighted robust crop prospects, particularly from South India, and the company’s responsible financial management despite debts. She underscored sugar and sugarcane as the company’s backbone while prioritizing value-added products and innovation for future growth.
Balrampur Chini Mills Q3 net profit fell 23% to Rs 70.47 crore in Q3 against Rs 91.32 crore in a year ago period.
Sugar stocks in news today: Stocks of Avadh Sugar and Energy, Shree Renuka Sugars, Dhampur Sugar, Balrampur Chini Mills, EID Parry, Ugar Sugar, Magadh Sugar and Energy rose in early deals today.
Sugar stocks, including Dhampur Sugar and Balrampur Chini, surged by over 8% after the Indian government removed the cap on sugar diversion for ethanol production for the 2024-25 season. This policy change allows sugar mills to produce ethanol from sugarcane juice and B-Heavy molasses, boosting their profitability. Other sugar stocks like Shree Renuka Sugars, Dalmia Bharat, and Andhra Sugar also saw strong gains. Experts suggest that this increased operational flexibility could make sugar stocks a compelling investment. Should you invest in the sugar stock bull run or Hold? Catch Sakshi Batra in conversation with Sneha Poddar, Vice President, Research Analyst, B&D, MOFSL and Kunal Rambhia, Founder, The Streets views on the sugar stocks rally
An analyst from LKP Securities said that Balrampur Chini Mills has given a swing high breakout on the weekly chart, suggesting a rise in optimism, with weekly RSI in bullish crossover.
Jubilant FoodWorks soared 7.62 per cent to Rs 644.40. It hit a 52-week high of Rs 644.85 earlier. Suzlon Energy shares climbed 5 per cent to hit a fresh 52-week high of Rs 80.40.
Sugar sector Q1 preview: A 5 per cent growth in sugar price and 10-13 per cent rise in blended distillery realisation would partly offset the loss of lower volume and input cost pressures, Elara Securities said.
Balrampur Chini Mills Ltd, Aditya Birla Fashion and Retail Ltd, Biocon, GMR Airports Infrastructure Ltd and Piramal Enterprises Ltd are a few stocks under F&O ban list today.
Sensex rose 281 points to 72,708 and Nifty ended 81 pts higher at 22,122. BSE investor wealth climbed to Rs 391.60 lakh crore.





