Sugar stocks rise between 5 to 20% in trade today following GST cut on ethanol; Check top gainers here

<ul><li>According to analysts, the short term trend is positive for the sugar stocks as good volumes are witnessed along with price up moves.</li></ul>

Sugar production in India is set to drop by 7% this year: Report

Government has allowed mills to export 6.15 million tonnes of sugar in the first tranche, and producer body the Indian Sugar Mills Association expects India to earmark up to 4 million tonnes of sugar for overseas shipments in the second tranche.

Sugar stocks delivered 10-30% returns in a month; Shree Renuka sugars stands at the top

The bull run in sugar stocks started in June after the government advanced the target of making petrol with 20% ethanol by five years to 2025. Analysts believe that rising ethanol demand and aggressive ethanol capacity addition will boost sugar companies' margins in the coming quarters.

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Sugar stocks rise between 5 to 20% in trade today following GST cut on ethanol; Check top gainers here

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