ICR for non-IT services sector crossed unity, where all subsectors except telecom group had viable ICR level, RBI said.ICR is the ratio of earnings before interest and tax to interest expenses. The minimum value for a viable ICR is 1.
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