Why sugar stocks have turned sweeter today — explained
Stock market today: Shares of Dalmia Bharat Sugar are top gainers as the stock hit 20 per cent upper circuit in early morning deals on Monday session
Stock market today: Following reduction in goods and services tax (GST) on sugar from 18 per cent to 5 per cent in 48th GST Council meeting and central government's target to double ethanol blending from existing 10 per cent to around 18 to 20 per cent by end of 2023 have suddenly made sugar stocks sweeter among the Dalal Street bulls. Sugar stocks namely Dalmia Bharat Sugar, Dhampur Sugar, Bajaj Hindusthan Sugar, Shree Renuka Sugars, Dwarkesh Sugar, etc. have been attracting huge buying interest since stock market's opening bell today.
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