Export quota hike may trigger up to 33% rally in these 3 sugar stocks

Among individual stocks, Shree Renuka Sugars, Ugar Sugar and EID Parry have zoomed up to 169 per cent so far in 2022. Charts indicate further upside for these select stocks.

Avdhut Bagkar | Mumbai
Last Updated at November 25, 2022 12:41 IST

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

Most of the sugar stocks have logged strong gains in the calendar year 2022 thus far. Ugar Sugar Works has been the top performer, with its share price more than doubling - up 169 per cent so far. It is followed by, Shree Renuka Sugars and Ponni Sugars (Erode), soaring as much as 87 per cent and 58 per cent, respectively.

Among others, Uttam Sugar Mills, Sakthi Sugars and E.I.D. Parry (India) have rallied 45 per cent, 40 per cent and 39 per cent, respectively. Shares of Dwarikesh Sugar Industries, Triveni Engineering & Industries, Rajshree Sugars & Chemicals and Kothari Sugars & Chemicals too have added 34 per cent - 27 per cent each.

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