UGARSUGAR / NSE / Food Processing
Ugar Sugar Works
1Y Price Trend
Key Information
Recommendations
Target High52.24
Target Low33.11
Target Mean0
Target Median0
Risk Metrics
Overall RiskBalanced risk
Board Risk35.86
Key Analysis
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Stocks to buy under ₹ 100: Experts recommend five shares to buy today — Lloyds Enterprises, NMDC Steel, Sterlite Technologies, Fedders Holding, and Ugar Sugar Works
Sugar stocks surge as government considers raising minimum sale price for 2024-25 season. Sector expected to perform well in short term with stocks like Dalmia Bharat Sugar and Balrampur Chini preferred. Industry seeks increase in minimum selling price of sugar to ₹ 40-41 per kg.
Sugar stocks traded mostly in the green following the launch of the Global Biofuel Alliance by Indian Prime Minister Narendra Modi at the G20 Summit.
Sugar Stocks news: Sugar stocks surge as Uttar Pradesh government expected to increase State Advisory Price for sugarcane. Rising crude oil prices and weakening rupee also contribute to the increase.
Sugar stocks showed strong momentum with bullish analysts predicting a continuing trend and advising purchasing on dips. Government support for the industry and poor weather forecasts were cited as factors influencing the optimistic sentiment. Balrampur Chini Mills was recommended as a buy.
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