SUGAR INDUSTRY
Stock market update: Sugar stocks up as market rises
The 30-share BSE Sensex closed up 545.35 points at 79986.8
Stock market update: Sugar stocks up as market rises
The 30-share BSE Sensex was up 496.49 points at 79937.94
‘Organic’ and ‘natural’? India’s $32 billion packaged food and beverage industry struggles with disclosures
The packaged food industry should be more upfront about the ingredients they use to make products. It is a question of public health, say experts.
Corporate Watch: M&M, Tata Comm among 36 stocks in spotlight this week
Welspun Enterprises and DJ Mediaprint declared dividends with ex-dates on July 5. Escorts Kubota also set July 5 as the ex-date for dividend issuance. Several other companies like Tide Water, SKF India, and Balaji Amines have dividend and ex-date announcements in the same week.
3M India, M&M among 25 stocks that will trade ex-dividend this week. Do you own any?
Dividends are distributed to shareholders whose names are listed in the company's records on the record date. With the adoption of the T+1 settlement system, the record date and ex-dividend date are usually identical, except when market holidays occur immediately following the ex-date. Investors who buy the stock at least one day before the ex-date qualify for dividends, as settlement happens on the ex-date.
Hoping sugar production bounces back in Maharashtra and Karnataka: Atul Chaturvedi, Shree Renuka Sugars
As far as budget is concerned, nowadays most of the decisions are actually taken during the course of the year administratively. So, as far as budget is concerned, budget is no longer the budget which it used to be 10-15 years back
- Go To Page 1
Sugar summit: India to hosts Global ISO Council meet from June 25-27, showcases biofuel leadership
India is set to host the International Sugar Organization (ISO) Council Meeting from June 25-27, bringing together delegates from over 30 countries to discuss critical issues in the sugar and biofuel sectors. India, the world's largest consumer and second-largest sugar producer, has been nominated to chair the ISO for 2024.
Triveni Engineering buys addl 36.34 pc stake in sugar firm Sir Shadi Lal Enterprises for Rs 45 cr
Triveni Engineering & Industries Ltd acquires 36.34% stake in Sir Shadi Lal Enterprises Ltd for Rs 45 crore, enhancing its position as a major sugar producer. Vice Chairman Tarun Sawhney views the acquisition as a strategic move to boost Triveni's sugar and alcohol businesses.
Triveni Engineering & Industries acquires majority stake in Sir Shadi Lal Enterprises
Triveni Engineering & Industries Ltd announced acquiring an additional 36.34% stake in Sir Shadi Lal Enterprises Limited, making SSEL a subsidiary of the company.
Low chances of Nifty Bank exceeding 51,000-level this week: Anand James
A new peak on Friday was not surprising, given the fact that 88% of Nifty constituents had started the day at the highest in 30 days. Most other sectors were also showing similar trends, except for PSU banks and metals
Nifty in a narrow range between 23,300-23,500. How to trade this week
"For Nifty Bank, one should wait for a breakout confirmation above the 50,200 mark. If the index breaks above 50,200, it will open the path to 51,000 on the upside, with strong support at 49,800."
Increase minimum selling price of sugar to Rs 42/kg, says industry body NFCSF
The National Federation of Cooperative Sugar Factories (NFCSF), representing co-operative sugar mills in India, has requested the central government to increase the minimum selling price (MSP) of sugar by 35% to Rs 42/kg. The MSP was introduced in 2018 and last revised in February 2019. However, sugar prices have been consistently higher than the MSP, with ex-mill prices in Maharashtra being Rs 36/kg, and retail prices in the range of Rs 42-44/kg. The NFCSF has already submitted its proposal to the Union Government.
Andhra & Naidu stocks beating PSU & Modi stocks hands down with Rs 20,000 crore boom
Andhra Pradesh and Chandrababu Naidu-related stocks have surged significantly post-elections, outperforming PSU and 'Modi stocks'. Traders are capitalizing on the momentum, with a focus on Naidu's role in the NDA government and growth potential.
Buy Andhra Sugars, target price Rs 140: Axis Securities
Andhra Sugars Ltd., incorporated in the year 1947, is a Small Cap company (having a market cap of Rs 1686.06 Crore) operating in Diversified sector.
Sugar rush! Praj Industries, Balrampur Chini shares jump by over 6% on boost from ethanol blending
Praj Industries shares surged 6.4% to a 52-week high on NSE after Union Minister Hardeep Singh Puri's announcement on India's biofuel blending targets.
Elections still on for them? But macro structure has changed for good: 5 sugar stocks with upside potential of up to 27%
In a sector, where government policies have a major impact, the risk of any change in policy impacting the players is always present. That is the reason why the valuations of these stocks from such sectors don't cross a certain threshold. Probably the sugar sector tops the lists of such sectors and the reason is because both the central and state governments have some say in the policy making. While the general elections are over, there are many states which have exposure to the sugar sector and state elections are going to be held there over the next couple of quarters. So a narrative might get built against the sugar stocks. What needs to be done, make a distinction between the reality that the balance sheets of these companies are much stronger than what they were, their business model is not just about sugar, but about part of the clean energy which is something which is going to grow.
Election results in the onion belt increases hopes of industry and farmers for more farm friendly policies
"Soyabean prices have been low as the crushing of our own crop was less due to higher imports of cooking oils. Low import duties and low prices in the international markets led to a substantial increase in the import of cooking oils," said BV Mehta, executive director, the Solvent Extractors' Association (SEA).
Will BJP win? This market awaits June 4 results for potential shakeups in India's trade policies & global food prices
India's agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister Modi's policies aimed at ensuring domestic supplies have influenced key crop exports. Changes post-election could affect rice, wheat, and sugar markets, with industry leaders seeking policy shifts to address supply and demand challenges.
June sugar quota higher by 8.5% y-o-y as prices stay firm amid heat waves
The central government announced a quota of 25.5 lakh tonnes of sugar for June, higher by 8.5% over June 2023, as per the Department of Food and Public Distribution.
Sugar exports to depend on monsoon, cane sowing in 2024-25
India may consider allowing sugar exports for the 2024-25 season pending final assessment of sugarcane sowing and output. The country anticipates a lower sugar production of 30 million tonnes compared to 32.8 million tonnes last year. Mills in Tamil Nadu and Karnataka have come close to the end of crushing for the current season and expect to reach 31.8 million tonnes by September. The government is prioritizing stock availability for domestic consumption and ethanol production.
DCM Shriram Industries Q4 Results: Profit rises 23% to Rs 39 crore
DCM Shriram Industries reported a 23% increase in consolidated net profit to Rs 38.64 crore for Q4 of the 2023-24 fiscal, driven by lower expenses.
Corporate Actions This Week: Infosys, JSW Energy, IEX to go ex-dividend; Davangere Sugar ex-split
This week, several companies like Infosys and GlaxoSmithKline Pharmaceuticals will go ex-dividend, while Balaxi Pharmaceuticals and Davangere Sugar Company will undergo stock splits. Ex-dividend date is when stock prices adjust for dividend payouts, usually one or two days before the record date.
... Admits Ireda's insolvency petition against Shri Saikrupa Sugar
NCLT ordered management transfer to IRP/RP for Shri Saikrupa Sugar during CIRP. Ireda sanctioned a loan of Rs 121 crore in 2012, leading to the insolvency resolution process.
Government's stance on sugar exports amidst industry demands
ISMA seeks sugar export despite surplus, impacting closing stock projections. Central government prioritizes ethanol over export, aiming to build reserves. Sugar prices rise despite production surprises, with 2024-25 forecast dependent on monsoon.
Diversion of B Heavy Molasses will release Rs 2300 crore for the distilleries; says NFCSF
The decision of the central government to allow use of the 7 lakh tonnes of B Heavy Molasses for ethanol production will help the sugar industry get a revenue of Rs 2300 crores, said National Federation of Cooperative Sugar Factories (NFCSF), which represents the cooperative sugar mills of the country.
India's sugar demand surges in heat wave and election season
Higher consumption would lift local prices and boost margins of sugar producers such as Balrampur Chini, Shree Renuka Sugars, Bajaj Hindusthan, and Dwarikesh Sugar and help them in making cane payments on time to farmers.
Sugar output remains slightly lower at 31.09 million tonnes till Apr 15 of 2023-24 season: ISMA
India is a major sugar producing country in the world. Sugar season runs from October to September. Currently, there are curbs on sugar exports for an indefinite period. Indian Sugar Mills Association (ISMA) has revised the net sugar production estimate for 2023-24 season to 32 million tonnes.
India won't be feeding sugar to the world this season
Sugar export: The government has rejected sugar export possibility for the current season despite industry demand. Indian Sugar Mills Association seeks to export 10 lakh tonnes, citing healthy closing stock. Sugar production exceeded 30 million tonnes and ISMA has revised estimate to 32 million tonnes. Government may allow use of excess B-heavy molasses for ethanol production.
Load More
