This rally has all the characteristics of an anti-consensus rally. It has come in the face of an adverse policy backdrop globally and soft growth outlook in the developed markets.
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