Balrampur Chini, other sugar stocks zoom up to 20% as govt policies boost ethanol outlook
Sugar stocks surged up to 20% on Tuesday after the Supreme Court upheld the rollout of 20% ethanol-blended petrol and the government eased curbs on ethanol production. Rajshree Sugars, Shree Renuka, Dhampur, Avadh, and Balrampur Chini led the rally as policy support boosted ethanol demand outlook.
Sugar stocks surged up to 20% on Tuesday after the Supreme Court upheld the rollout of 20% ethanol-blended petrol and the government eased curbs on ethanol production. Rajshree Sugars, Shree Renuka, Dhampur, Avadh, and Balrampur Chini led the rally as policy support boosted ethanol demand outlook.
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