The stock with a market capitalisation of more than Rs 32,000 crore hit a 52-week high of Rs 139 on 11 January 2022, but it failed to hold on to the momentum. The stock recouped most of the lost glory and is on the verge to hit fresh 52-week highs. The recent price action suggests that the upside remains intact.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20