Sugar stocks defy market crash: Dwarikesh Sugar, Balrampur Chini surge up to 8.5%
Escalating crude oil prices due to geopolitical tensions have enhanced the attractiveness of ethanol production, benefiting Indian sugar companies. The resultant shift in sugarcane usage and subsequent stock price surges reflect the industry's reliance on rising oil prices for profitability.
Escalating crude oil prices due to geopolitical tensions have enhanced the attractiveness of ethanol production, benefiting Indian sugar companies. The resultant shift in sugarcane usage and subsequent stock price surges reflect the industry's reliance on rising oil prices for profitability.
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