UTTAMSUGAR / NSE / Food Processing
Uttam Sugar Mills
1Y Price Trend
Key Information
Recommendations
Target High326.15
Target Low181.65
Target Mean0
Target Median0
Risk Metrics
Overall RiskBalanced risk
Board Risk44.58
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With several companies expanding capacity and diversifying smartly, there are some exciting opportunities shaping up for investors.
Several sugar stocks have gained significantly recently due to anticipated tightness in local sugar prices, stemming from lower production this season and decreased inventory compared to last year.
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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