Shree Renuka Sugars

Sugar firms faced a tough earnings report for the fourth quarter of FY26, as many companies faced pressure on profits due to rising costs, declining sugar prices, and challenges in their ethanol and distillery sectors.

Indian stock markets experienced significant volatility from May 9-15, 2026, with heavy selling followed by a recovery. Nifty slipped below 23,300, while Sensex corrected nearly 3,400 points. Key levels to watch are 23,850 for bullish momentum and 23,500 for potential declines.

Stocks to buy under ₹ 200: Mehul Kothari recommends three shares to buy or sell — Shree Renuka Sugars, Gujarat Ambuja Exports, and Wipro

On Friday, sugar stocks declined by as much as 5%, with Avadh Sugar & Energy and Balrampur Chini Mills emerging as the top laggards. They were followed by nearly 4% losses in Dalmia Bharat Sugar and Industries and Dhampur Sugar Mills.

Stocks to buy under ₹ 200: Mehul Kothari of Anand Rathi recommends three shares to buy or sell — Shree Renuka Sugars, Suzlon Energy, and Adani Power

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.

Stocks to buy under ₹ 200: Mehul Kothari recommends three shares to buy or sell — Central Bank of India, Shree Renuka Sugars, and Welspun Living

The Indian Supreme Court’s reversal of a high-profile acquisition under the Insolvency and Bankruptcy Code (IBC) will have adverse spillover effects. Article 142 shouldn’t be invoked without taking economic consequences into account.