Sugar stocks witnessed a surge following the central government’s decision to remove restrictions on ethanol production from sugarcane. This move has boosted investor confidence in sugar companies. Analysts anticipate improved profitability and a potential rise in ethanol prices. The Supreme Court’s stance on ethanol-blended petrol further supports the demand for ethanol. Rajshree Sugars and Shree Renuka Sugars experienced significant gains.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of
December 7, 2025