Sanstar’s shares debuted on exchanges after a highly subscribed IPO. Expected to list at a 32% premium, the company planned to use the proceeds for expansion, debt repayment, and other needs. Sanstar, a major producer of plant-based specialty products in India, recorded considerable revenue and profit growth.
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