Sugar Stock Rises Upto 13 Percent After Rise In Sugar Prices Due To Crop Production Shortfall

Sugar Stocks Shines: Due to the lack of rain in this monsoon season, the production of sugarcane is expected to be affected, due to which there is a possibility of a decrease in the production of sugar. In such a situation, the prices of sugar have reached the high of 6 years. On the one hand, this news has increased the risk of inflation, but in the trade of Wednesday, September 6, 2023, the sweetness of the shares of Chinese companies listed on the stock exchange has increased. There is a strong boom in sugar stocks.

Increased sweetness of sugar stocks

The biggest gain is being seen in Avadh Sugar and Energy which is trading at Rs 688 with a gain of 12.44 per cent. Mawana Sugars is trading at Rs 112.50 with a jump of 9.73 percent, Dhampur Sugars at Rs 287.20 with a jump of 7 percent, Dalmia Bharat Sugars at Rs 433.35 with a jump of 6.99 percent, Balrampur Chini with a jump of 2.54 percent at Rs 414.50.

Apart from this, Bajaj Hindustan is trading at Rs 29.50 with a gain of 4.13 percent and Shree Renuka Sugars is trading at Rs 54.01 with a gain of 6.74 percent. Rajshree Sugar is trading at Rs 62.21 with a gain of 5.32 per cent.

Benefits of rising sugar prices

The reason for the rise in the stocks of sugar companies is the rise in the prices of sugar, which is at a 6-year high. In the domestic retail market, the average price of sugar used to be Rs 41.45 per kg on January 1, 2023, which has increased to an average of Rs 43.42 per kg on September 5. That is, in 2023, according to the government data, the price of sugar has increased by about 5 percent. Increase in sugar prices will improve the margin of sugar companies, their profits will increase, due to which the shares of these companies are seeing a boom.

In this Kharif season, the production of sugarcane has been affected due to lack of rain in Karnataka and Maharashtra, due to which there is a possibility of further increase in the prices of sugar. There is a danger of rising inflation due to the high cost of sugar, but investors investing in Chinese companies and Chinese stocks have come out with silver.

read this also

Crude Oil Price: Saudi Arabia – Crude oil at 11-month high after Russia cuts production, price crosses $90 per barrel

IND Vs AUS Indian cricket team made many records against Australia in the second Indore ODI, see all the statistics and records.

IND vs AUS Indore ODI Records: The second match of the three-match ODI series between India and Australia is being ...
Read More

Pakistani players have not received salary from Pakistan Cricket Board for four months, players are threatening to boycott sponsorship, report

Pakistan cricket team players: Pakistan cricket team is facing a big problem before the ODI World Cup 2023. According to ...
Read More

IND Vs AUS India gave Australia a target of 400 runs in the second ODI, highlights of the innings, Holkar Stadium

IND Vs AUS, Innings Highlights: In the second ODI being played at Holkar Stadium, Indore, Indian batsmen thrashed Australian bowlers ...
Read More

Shreyas Iyer out twice in one over of Sean Abbott IND Vs AUS 2nd ODI Latest Sports News

Shreyas Iyer: The second match of the 3 ODI series between India and Australia is being played in Indore. In ...
Read More

friendship tips types of friendship we should stay away marathi news

Friendship Tips: Friendship is the most beautiful relationship in the world. Friendship is not a blood relation, but this relation ...
Read More

Shubman Gill’s century breaks Sachin Tendulkar Virat Kohli Babar Azam’s record India vs Australia 2nd ODI Indore

Shubman Gill century: Team India's young batsman Shubhman Gill is scoring a lot of runs this year. Match after match, ...
Read More

Health Tips Healthy Heart Diet Tips Know what to eat and what not to eat after heart attack Marathi News

health tips: At present the rate of heart attack is increasing rapidly. Nowadays the risk of heart disease is increasing ...
Read More

IND Vs AUS Shubman Gill scored a century against Australia in the second ODI

Shubman Gill century: Shubman Gill scored a brilliant century in the second ODI being played between India and Australia in ...
Read More

New Zealand was 6 times semi-finalist and 2 times finalist from 1975 to 2019 ODI World Cup, see the record of Kiwi team.

New Zealand's ODI World Cup record: New Zealand was a finalist in the last 2 ODI World Cups. In the ...
Read More

AIIMS Patna Recruitment 2023 Apply For Various Posts At

AIIMS Patna Recruitment 2023: There is good news for candidates looking for jobs. All India Institute of Medical Sciences has ...
Read More

Leave a Comment