{"id":75296,"date":"2022-11-28T17:35:00","date_gmt":"2022-11-28T12:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=75296"},"modified":"2022-11-28T17:33:14","modified_gmt":"2022-11-28T12:03:14","slug":"multibagger-stock-jumps-15-today-as-govt-allows-export-of-sugar","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-jumps-15-today-as-govt-allows-export-of-sugar\/","title":{"rendered":"Multibagger stock jumps 15% today as Govt allows export of sugar\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3792117391\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Ugar Sugar Works Ltd rallied 15.11% to reach an intraday high of \u20b9 93.70 apiece on the National Stock Exchange (NSE). They closed at \u20b9 89.85 apiece, up 10.38% on Monday.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-181774716\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/UGARSUGAR\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ugar Sugar Works Ltd.<\/a><\/strong> is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and the generation and distribution of electricity.\u00a0<\/p><p>The government recently said that it is going to allow the export of sugar up to 6 million tonnes during the sugar season FY23. This move came to protect the interest of farmers and sugar mills as they will be able to take benefits of the favourable international sugar price scenario.&nbsp;<\/p><p>Many sugar mills have been aggressively signing export deals within days of receiving government approval. Experts believe that mills are likely to sell the entire allocated quota of 6 million tonnes before the end of December.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-249258209\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Ugar Sugar Works started sugar-crushing for the season 2022-23 at its Jewargi Unit on November 03, 2022, and the same will pick up at full capacity in due course.&nbsp;<\/p><p>The company\u2019s share price has been on an uptrend. In the past year, the company delivered multibagger returns of 253.61% as its share price increased from \u20b9 25.65 to \u20b9 90.70. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares one year ago, the value of their holdings would have been \u20b9 3.53 lakhs today!&nbsp;<\/p><p>Ugar Sugar Works is a small-cap company with a market capitalization of \u20b9 916 crores. It has an excellent return on equity of 42.84%. However, it has a high debt-to-equity ratio of 4.14. Its shares were trading at a price-to-equity ratio (P\/E) of 15.71 which is lower than the industry P\/E of 19.47, indicating that the stock might be undervalued.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2599552380\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Ugar Sugar Works Ltd rallied 15.11% to reach an intraday high of \u20b9 93.70 apiece on the National Stock Exchange (NSE). They closed at \u20b9 89.85 apiece, up 10.38% on Monday.&nbsp; Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and the generation and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2839,3418,3555,3464,4048,2660,3872,3913,3912,2838,3771,2843,2659,2978,5214,5213,3226,4047,5231],"class_list":["post-75296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-best-multibagger-stocks","tag-multibagger-companies","tag-multibagger-penny-stocks","tag-multibagger-returns","tag-multibagger-smallcaps","tag-multibagger-stock","tag-multibagger-stock-india","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2022","tag-multibagger-stocks-india","tag-multibaggers","tag-small-cap","tag-small-cap-stock-to-buy","tag-small-cap-stock-to-watch","tag-small-cap-stocks","tag-smallcap-multibagger-stocks","tag-sugar-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock jumps 15% today as Govt allows export of sugar\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=75296\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger stock jumps 15% today as Govt allows export of sugar\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of Ugar Sugar Works Ltd rallied 15.11% to reach an intraday high of \u20b9 93.70 apiece on the National Stock Exchange (NSE). 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