Sugar mills in Maharashtra and Karnataka are preparing for a battle to secure as much sugarcane as possible. Karnataka has set an official date to begin sugar production and will take legal action against mills that do not comply. Meanwhile, the sugar industry in Maharashtra is divided over the best time to start production in order to maximize the chances of obtaining a larger share of the reduced supply of raw material. This situation is causing concern among officials.
Concurrent Gainers: 7 stocks that gained for 5 days in a row
In the five trading sessions prior to March 7, the Sensex rose by around 1.5%, or 1,134 points, closing at 74,333. The market ended on
March 8, 2025