Today there was a rise in the stocks of sugar companies, up to 20 percent increase was recorded

In today’s business, the stock of Mawana Sugars has increased by about 20 percent, while Dhampur Sugar and Dwarikesh Sugar reached a record high during the business today.

Today there was a rise in the stocks of sugar companies

stock market (stock market) with today’s recovery in many Stocks ,stocks) has seen buying at lower levels today. Most of the action has been seen in those sectors. About which positive news is coming out. One of these is the sugar sector. Chinese companies in today’s business (sugar companies) has seen an increase of up to 19 percent. Actually this year it is estimated that there may be an increase in the export of sugar. At the same time, due to the rise in sugar prices in the international markets, the sentiments of sugar companies have also improved. Buying is being seen in stocks.

How was the performance of sugar companies today?

In today’s business, shares of Chinese companies have seen an increase of up to 20 percent. Investors are buying stocks of companies with the expectation of better earnings in future. In today’s business, the stock of Mawana Sugars has increased by about 20 percent. While the stock of Dwarikesh Sugar has seen an increase of up to 11 percent. Today the stock of Dhampur Sugar has increased by 6 percent. Dhampur Sugar and Dwarikesh Sugar reached record highs during business today. Along with this, today Triveni Engineering, Dalmia Bharat, DCM Shriram have also closed with an edge today.

Why did Chinese companies boom

Due to many different signals, there has been an expectation of improvement in the earnings and margins of Chinese companies in the coming times. Due to the increase in oil prices, the demand for ethanol from the government may increase in the coming times. This will not only help the sugar mill to reduce its sugar stock but also improve the margins of the companies. This will enable companies to come out of economic pressure. Along with this, sentiments have also turned positive due to the signs of increasing exports amid increase in sugar prices in the international markets. The Indian Sugar Mills Association (ISMA) has estimated that India will export 7.5 million tonnes of sugar in the current season, while it was earlier estimated that 60 lakh tonnes of sugar will be exported. The report said exports from India are likely to be higher as the International Sugar Organization (ISO) in its report reported a global shortfall of around 19.3 million tonnes in the marketing year 2021-22 (October-September) and exporters expected more Indian sugar. Indication of interest to purchase. It said that Indian exporters are likely to export 12-13 lakh tonnes in March and take the total exports to 54-55 lakh tonnes. Sharing the latest sugar production figures, ISMA said that the total production during the October-February period of the current marketing year 2021-22 has reached 25.28 million tonnes, up from 23.48 million in the year-ago period. 7.68% more than tonne of sugar

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