News About Sugar Stocks : After Govt increased MSP on sugar industry, stocks showed a rise of 10%, know the name As soon as the Modi government has come back, they have started working with their strategy. Recently, the government is considering increasing the MSC in the year 2024-25 season. The market has taken this idea very positively, taking the crisis very positively. These two sugar stocks showed a bullish trend. A rise of about 10 to 20% has been seen.This rise has happened in only one day and this explosion was seen in the market on 13th June 2024.
Although this announcement was made by the government long ago which was made in the month of February, but it will be announced in the coming session 2024. It was said that it would be implemented in October. Recently, in view of its idea, there was a lot of bullish atmosphere in the stock in the market.
These stocks rose by up to 15 percent
Shree Renuka Sugars Ltd
In India, the stock of Renuka Sugar Limited, one of the leading sugar companies of the country for its renewable energy and ethanol, has registered a rise of more than 13 percent today. The stock has gained a good pace today in the last one year. This stock was running out of stock in about 1 year, this stock has given a return of only 14 percent and in the last 5 years, making its investors rich, it had given a return of about 412 percent. As soon as this news came, it regained its momentum. Caught you.
KM Sugar Mills Ltd
On the other hand, if we talk about the stock of Kam Sugar Mills Limited, today it has seen a good rise of more than 8%. The share has closed around Rs 41. In the last one month, this stock has given its investors about 18% profit. It has provided excellent returns of around 70% to its investors in one year. The company’s revenue has also shown improvement as compared to the previous quarter.
Mawana Sugars Ltd
This stock has also registered a rise of about 12% today. It has registered a rise of 30% in the last one month and has shown a rise of about 24% in a year. At present the stock is trading around Rs 121. Its opening was around Rs 19 and its high was around Rs 124. If we talk about its 52 week low, it was around Rs 83 and if we talk about its high, it was around Rs 124.
Bajaj Hindusthan Sugar Ltd
This company has also shown tremendous growth of more than 14 percent today and has provided very good returns to its investors. The company has been doing business in sugar alcohol and ethanol in this segment since the year 1931. At present this company It has also come into power generation. If we talk about its returns in the last one year, it has provided a tremendous return of approximately 163% and if we talk about 52 week low, it is around ₹15 and if we talk about 52 week high, it is around ₹46.
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