Dhampur Sugar

Analysts attribute the current rally in sugar stocks to the latest surge in global sugar prices. US sugar futures rose 4 per cent in a day, 14 per cent in a month, and over 23 per cent in a year.

Should you bet on sugar stocks ahead of the new sugar season? Technical charts suggest that these 5 stocks can potentially rally up to 25% from here.

Sugar stocks rose after the central government said it will consider the sugar industry's demand to hike ethanol prices and the minimum selling price (MSP) of sugar

Key players in the sector, including Shree Renuka Sugars, Dhampur Sugars, and Balrampur Chini Mills, were among the top gainers.

During the last fiscal, Dhampur Sugar Mills had reported a net profit of Rs 228.96 crore over a total income of Rs 4,248.96 crore

Most brokerages have a positive stance on India's sugar industry as it appears well poised to benefit from global and domestic factors

Traders should not to trade aggressively now and rather continue with a stock-centric approach

Sugar companies have earned good profit during the 2016- 17 marketing year