InvestorQ : Why are sugar stocks like Dwarikesh, Dhampur, Avadh and Dalmia Bharat making new highs on a daily basis?
Anjana Aiyar made post

Why are sugar stocks like Dwarikesh, Dhampur, Avadh and Dalmia Bharat making new highs on a daily basis?

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Khushi Patel answered.
2 weeks ago
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The day literally belonged to sugar stocks on Monday. Most players including Dwarikesh Sugars, Dhampur, Avadh Sugars, Uttam Sugar and Dalmia Bharat rallied by 15-20% on Monday. Sugar output is sharply up by 8% and in the new scenario, higher sugar output is a boon as it has multiple applications like exports and ethanol applications.

Sugar could benefit from global and domestic factors. Supplies from traditional sugar exporters like Brazil and Thailand have been tepid and government export subsidies have boosted sugar exports for Indian mills. Above all, government has pulled back its to 20% ethanol blending target to 2025. Summer demand and WFH kept sugar demand robust.

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