Sugar stocks surged up to 8% following Food Minister Pralhad Joshi’s announcement that the government is considering increasing ethanol prices and raising the minimum selling price of sugar. The rally was led by Balarampur Chini, which rose 8%. The minister also mentioned that a decision on sugar exports would depend on production estimates for the upcoming season.
Investors seek clarity, would be happier if PB Fintech remains less capital intensive: Manas Agrawal, Bernstein
I think investor communication on that front would be helpful in cooling off speculation. And I think the stock has now stabilised. But the last