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Sugar stocks trading weak on subsidy squeeze may be an anomaly

The combined market capitalisation (m-cap) of the country's top 15 sugar manufacturers was down 2.8 per cent on average on Friday

Topics
Sugar Stocks | sugar firms | Sugar exports

Krishna Kant  |  Mumbai 



Sugar production, sugar mills
Friday’s fall in sugar was, however, an aberration. The sector has been an outperformer due to a combination of higher sugar prices and low raw material (sugarcane) prices

retreated on Friday after the central government cut subsidy on . The combined market capitalisation (m-cap) of the country's top 15 sugar manufacturers was down 2.8 per cent on average on Friday. In comparison, the benchmark BSE Sensex closed the day with gains of nearly 2 per cent to reclaim the 50,000-level.

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First Published: Sat, May 22 2021. 01:13 IST

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