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Sugar shares rally in a weak market; Balrampur Chini surges 9%

The industry is undertaking huge capacity expansion programmes to meet the ethanol requirement of 10 billion litre by 2025

Topics
Sugar stock | Balrampur Chini Mills | Buzzing stocks

SI Reporter  |  Mumbai 

sugarcane

Shares of sugar companies, on Thursday, rallied up to 9 per cent on the BSE in intra-day trade in an otherwise weak market on expectation of improved earnings growth in the March quarter (Q4FY21). The improvement is expected to come on the back of the subsidy announced in December 2020 and a strong momentum in exports.

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First Published: Thu, April 15 2021. 10:50 IST
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