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.
LIC shares gain 6% in two sessions. Should you buy ahead of the 1:1 bonus issue?
LIC shares climbed 4% on Monday, extending gains for a second straight session and taking the two-day rally to 6%. The stock gained momentum after