Several sugar firms have approached various courts seeking a stay on the Centre’s December 7 order prohibiting mills from producing ethanol from sugarcane juice in the 2023-24 season. In the absence of a caveat, the courts can pass a stay order without hearing the government, explained the official cited above. The Centre issued the ban to keep a check on rising sugar prices in the domestic market despite restrictions on exports due to lower sugarcane yield in main producer states of Maharashtra and Karnataka.
Buy, Sell or Hold: Motilal Oswal recommends a buy on PNB Housing; YES Securities downgrades Indoco Remedies
Brokerage houses have issued varied stock recommendations for PNB Housing Finance, PI Industries, and Indoco Remedies. Motilal Oswal is optimistic about PNB Housing Finance, while