Stormy rally in sugar stocks this year: Double return in 8 stocks

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- Even without export subsidy, 2 to 3 million tons of sugar is likely to be exported

Mumbai: Sugar stocks have seen a significant rise in 2021. There are about 12 sugar stock lists on the BSE with a market cap of over Rs 200 crore, out of which six stocks have doubled their capital so far in 2021.

The best performance has been seen in Dalmiya Bharat Sugar. The stock has risen nearly 200 per cent during the period. Apart from this, Triveni Engineering, Dwarikesh Sugar, Balrampur Sugar Mills, Awadh Sugar and Energy have seen higher returns.

According to a research report by the industry, these industries will be able to export 3-4 million tonnes even in the 2021-202 sugar season without export subsidy. This time the price of sugar is higher than the cost of production for Indian sugar companies. As a result, the price of sugar will remain at Rs 2-3 per kg and by September 203, the country's inventory of sugar will be less than Rs 3 million.

According to the report, the distillery capacity of sugar companies has increased by three to four times, which will boost their profits. Apart from that, due to higher ethanol prices, these companies will see an increase in ethanol compared to sugar. In the next three years, the profits of sugar companies could increase by 15 to 20 per cent.


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