At 10:57 AM, individually, among others, Dalmia Bharat Sugar and Industries shares were trading over 3 per cent higher
The rally in sugar stocks followed a sharp spike in crude prices, with brent rising above $115 per barrel amid escalating tensions involving the US, Israel, and Iran
With a successive increase in cane price across India, but without any proportionate increase in ethanol price, sugar-based ethanol has seen a significant erosion in margins, say analysts.
The rally in sugar stocks comes after the government cleared the exports of 1.5 million tonnes of sugar for the 2025-26 sugar season
Yes Bank, The South Indian Bank, Hindustan Construction, Bajaj Hindusthan Sugar and Take Solutions, which currently trade below ₹50-mark, can potentially zoom up to 42%, suggest technical charts.