https://ift.tt/2IVHF6y

Rising for the second straight session, sugar stocks Friday surged up to 20 per cent on the government's announcement of hike in ethanol price for blending in petrol by 25 per cent. In the previous trading session, shares of sugar firms had registered a rise of around 18 per cent. The government Wednesday approved an over 25 per cent hike in the price of ethanol produced directly from sugarcane juice for blending in petrol in a bid to cut surplus sugar production and reduce oil imports. Avadh Sugar & Energy, Ponni Sugars (Erode), Magadh Sugar & Energy, Simbhaoli Sugars, Rajshree Sugars & Chemicals, Dalmia Bharat Sugar & Industries and Uttam Mills rose as much as 20 per cent each and hit their upper circuit limits on the BSE. Shares of Shree Renuka Sugars surged 16.17 per cent and Thiru Arooran Sugars jumped 15.63 per cent. K M Sugar Mills rose 14.04 per cent. The Cabinet Committee on Economic Affairs raised the procurement price of ethanol derived from 100 per cent ...

from Markets https://ift.tt/2xbV3LO

Comments

Post a Comment

Popular posts from this blog

MPL accuses ASCI of 'tampering' with ads

Mumbai: Galactus Funware Technology, the parent company of online gaming platform MPL (Mobile Premier League), has issued a legal notice to the Advertising Standards Council of India (ASCI), demanding the immediate withdrawal of a whitepaper titled 'Examining Opinion Trading in India' and seeking ₹50 crore in damages for alleged defamation and loss of goodwill.The legal notice, dated May 23, 2025, sent through their legal counsel Trilegal, accuses ASCI of publishing a "biased and unsubstantiated" whitepaper that relies on "tampered" versions of MPL's advertisements and misrepresents their content to mislead consumers.Edited screenshotsGalactus Funware claims that the ASCI whitepaper, published in May 2025, deliberately edited screenshots of their advertisements to support a "baseless conclusion" that opinion trading involves an "element of risk" and "chances of financial losses".The notice highlights specific instances of al...
Read more