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Budget Bets: Pushing sugar sector in the clean energy chain is good for politicians & industry: 5 sugar stock with upside potential of up to 25%
After multiple attempts were made between 2001 and 2002, finally it was post 2015 that the sugar sector started witnessing a turnaround. Why is this turnaround special? Because all the stakeholders of the sector, the farmer, the industry, the politicians, and customers have been happier in the last nine years. Given the fact that sugar is a subject which comes under both state and central government, it is probably one of the most complex industries to make any changes. Another fact is among the industry which despite being in existence for ages, none of the stocks has been able to reach a level where they would be classified as large cap stocks.This typically happens in industries which operate in specific regions. But in the long run if the sugar industry becomes an integral part of the clean energy system then things might change.
Best Brown Sugar: A Versatile Sweetener for Every Kitchen Adventure
Best brown sugar is a rich, flavorful sweetener known for its deep molasses flavor and moist texture. It is made by adding molasses back to refined white sugar, giving it a distinct color and taste that enhances baked goods, sauces, and marinades. High-quality brown sugar has a fine, soft texture and a slightly sticky feel, making it easy to blend and dissolve. It not only adds sweetness but also imparts a caramel-like depth to recipes, making it a staple in kitchens for both cooking and baking.
Budget 2024: What should investors do with fertiliser, sugar stocks in the run-up to D-day?
The Union Budget 2024 could impact sugar and fertiliser stocks, with policy changes anticipated for ethanol and bio-fertiliser subsidies. Stocks historically lag before budgets, especially in election years. Analysts suggest waiting before investing. Notable stocks include Bajaj Hindustan Sugar, Chambal Fertilizers, and Coromandel International, though triggers for stock movements are not detailed.
Costlier tomato a spot of bother for Das & Co once again, retails up to Rs 100/kg
Tomato prices in India have surged by over 70%, reaching Rs 59.87 per kg as of July 7, compared to Rs 35 a month ago. The heatwave conditions in Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, and Kerala have impacted the supply and production of tomatoes. Heavy downpours in Himachal Pradesh have damaged the road network, reducing supplies to main consumption centres.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 15.66 points up at 24302.15
Centre imposes stockholding limit on wheat to check hoarding, ensure price stability
India has capped wheat stock limits for retailers and processors and may reduce or eliminate import taxes to stabilize prices, said Food Secretary Sanjeev Chopra. This move aims to curb inflation and manage supply, as the government explores various measures to ensure wheat price stability in the market.
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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.
After electoral setback, Modi may be forced to amend India's food policy
Facing policy challenges after recent election losses, Indian Prime Minister Narendra Modi grapples with controlling food inflation without angering farmers through export curbs and increased imports. With crucial provincial elections looming, Modi must balance economic measures and farmer interests to maintain political stability and address rural discontent.
Stock Radar: Balrampur Chini breaks out from 6-month consolidation range; time to buy?
Balrampur Chini Mills Ltd, a major player in the sugar industry, experienced a significant stock rally and breakout, supported by technical indicators. The stock's positive momentum suggests a potential upside towards 485-490 levels.
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.
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.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 75.96 points up at 23398.9
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.
Pricier kitchen staples upset home budgets
The prices of kitchen essentials like pulses, wheat and sugar have been rising continuously in May as domestic production lagged due to the deficit monsoon of 2023. Limited availability of chana, urad and tur in the international markets has kept imports sluggish and expensive, while sugar and wheat prices have been ruling firm as the buffer stock has shrunk beyond comfort level.
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.
Delhivery partners with SUGAR Cosmetics for pan-India B2B logistic operations
Delhivery has partnered with SUGAR Cosmetics to manage its B2B logistics operations in India. The company will use Delhivery's extensive networks, technology-driven solutions, and express Part Truck Load (PTL) services to ensure faster delivery of B2B consignments. SUGAR Cosmetics, India's third-largest colour cosmetics brand, will benefit from Delhivery's express PTL service for quick stock replenishment.
Damani & Jhunjhunwala emerge as richer dons of D-Street when most lost crores in Q4
The Jhunjhunwala family's wealth in listed firms crossed the ₹50,000 crore mark for the first time in the March quarter, while about 17 individuals held portfolios worth over ₹1,000 crore as of March 31, 2024.
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.
Best Stevia Powders in India for Natural Alternative to Sugar (2024)
Are you looking for a healthier alternative to your regular sugar? If so, then continue reading this article to learn about the best stevia powders in India which can be the right alternative for your regular sugar. You can find these powders readily available on Amazon and place your order using the buying links shared below.
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.
Not so sweet: Sugar prices up 4.5% in last 2 weeks
Sugar prices rise 4.5% in 2 weeks amid soaring summer demand from ice cream and beverage companies. Government increases April sales quota to 2.5 million tonnes. Rising mercury and election campaigning fuel the surge.
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.
Sugar mills paid Rs 78,000 cr to cane farmers in H1 of 2023-24 season
Sugar mills in India have paid Rs 78,000 crore to sugarcane farmers in the first six months of the current marketing season, a food ministry official said. Mills have cleared 87% of the total cane payment of Rs 90,000 crore till March 31 of the 2023-24 season. They have produced over 300 lakh tonnes of sugar so far this season.
No proposal to resume sale of subsidised rice for ethanol production: Food secretary
Government remains firm on not resuming subsidised rice sale for ethanol. Chopra encourages maize ethanol production and highlights the impact on distillery investments. Increased sugarcane FRP aims to boost cultivation for the upcoming season.
No proposal to resume sale of subsidised rice for ethanol production: Food Secy
The rice sale for ethanol makers was discontinued for various reasons, including apprehensions about domestic output and high retail prices, and economic unviability, he said. On the impact on investments on grain-based distilleries, Chopra said, "This is not a policy which is cast in stone. This policy will be renewed... Maize is being encouraged for ethanol production."
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