{"id":78379,"date":"2022-12-19T14:40:00","date_gmt":"2022-12-19T09:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=78379"},"modified":"2022-12-19T14:37:41","modified_gmt":"2022-12-19T09:07:41","slug":"2-sugar-stocks-hit-20-upper-circuit-for-second-day-in-a-row-heres-why","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/2-sugar-stocks-hit-20-upper-circuit-for-second-day-in-a-row-heres-why\/","title":{"rendered":"2 Sugar Stocks hit 20% upper circuit  for the second day in a row; Here\u2019s Why\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1561078960\"><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 sugar companies sweetened as they zoomed up to 20% on Monday, for the second day in a row. <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RAJSREESUG\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Rajshree Sugar &amp; Chemicals<\/a><\/strong> (up 19.98%), <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SAKHTISUG\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Sakthi Sugars<\/a><\/strong> (up 19.86%), Dhampure Speciality Sugars (up 11.40%) Simbhaoli Sugars (up 19.86%), and Dalmia Bharat Sugar and Industries (up 15.68%), quoted higher.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-538896186\"><!-- 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>Food Secretary Sanjeev Chopra told news agency Reuters that the government would consider allowing additional sugar exports under the quota system in January after assessing local production. This led to heavy volumes in sugar stocks.&nbsp;<\/p><p>India\u2019s sugar production has been increasing structurally over the past few years, due to an improvement in sugarcane yields. However, the demand growth has remained modest at 1% to 2% annually, resulting in high inventory levels.&nbsp;<\/p><p>The sugar industry is an agro-based industry and an essential commodity. It is prone to India\u2019s erratic monsoon and is a capital-intensive business. It faces high levels of government intervention that can change its dynamics.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3722695366\"><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>In November, the government allowed the export of 60 lakh tonnes of sugar for the marketing year 2022-23 (October-September). India exported a record 111 lakh tonnes of sugar in the marketing year 2021-22.&nbsp;<\/p><p>Dhampur Sugar Mills, KCP Sugar &amp; Industries, Ugar Sugar, Avadh Sugar, Mawana Sugars, KM Sugar Mills and Vishwaraj Sugar Industries are a few other sugar stocks gained on Monday.&nbsp;<\/p><p>Analysts at ICICI Securities said that sugar production in India is expected to be 36.5 MT after diverting 4.5 MT of equivalent sugar for ethanol. The country consumes 27.5 MT of sugar, which means that it is likely to be left with 9 MT which may be exported.&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-1127316336\"><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 sugar companies sweetened as they zoomed up to 20% on Monday, for the second day in a row. Rajshree Sugar &amp; Chemicals (up 19.98%), Sakthi Sugars (up 19.86%), Dhampure Speciality Sugars (up 11.40%) Simbhaoli Sugars (up 19.86%), and Dalmia Bharat Sugar and Industries (up 15.68%), quoted higher.\u00a0 Food Secretary Sanjeev Chopra told [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77504,"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":[5279,948,936,3157,2597,2599,3643,4787],"class_list":["post-78379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-20-upper-circuit","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-stocks-to-watch","tag-stocks-to-watch-in-2022","tag-upper-circuit","tag-upper-circuit-stocks"],"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>2 Sugar Stocks hit 20% upper circuit for the second day in a row; Here\u2019s Why\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\/2-sugar-stocks-hit-20-upper-circuit-for-second-day-in-a-row-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2 Sugar Stocks hit 20% upper circuit for the second day in a row; Here\u2019s Why\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of sugar companies sweetened as they zoomed up to 20% on Monday, for the second day in a row. Rajshree Sugar &amp; Chemicals (up 19.98%), Sakthi Sugars (up 19.86%), Dhampure Speciality Sugars (up 11.40%) Simbhaoli Sugars (up 19.86%), and Dalmia Bharat Sugar and Industries (up 15.68%), quoted higher.\u00a0 Food Secretary Sanjeev Chopra told [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/2-sugar-stocks-hit-20-upper-circuit-for-second-day-in-a-row-heres-why\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-19T09:10:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/Market-1588-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/2-sugar-stocks-hit-20-upper-circuit-for-second-day-in-a-row-heres-why\/\",\"url\":\"https:\/\/tradebrains.in\/features\/2-sugar-stocks-hit-20-upper-circuit-for-second-day-in-a-row-heres-why\/\",\"name\":\"2 Sugar Stocks hit 20% upper circuit for the second day in a row; 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