Sugar stocks on a sweet ride, but low volume turns analysts cautious

By Shubham Raj10 days ago

NEW DELHI: Even as rising Covid-19 cases have tamed the speed of the equity bulls, there are some pockets in the market that have remained virtually unaffected. Stocks of often-overlooked sugar makers are one such pack.

Sugar stocks have been seeing a rally of their lifetime, as rising international prices and increased demand for ethanol from oil market companies (OMCs) have raised their outlook. In the last one month, these stocks have surged up to 90 per cent.

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Shares of Avadh Sugar & Energy, Magadh Sugar & Energy,

Uttam Sugar

Mills, Triveni Engineering & Industries, Ugar Sugar Works, Rana Sugars,

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