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Govt’s New Ethanol Policy Lifts Sugar Stocks
By Mr Ethanol | October 10, 2007
Analysts feel the rally will be only for short-term
Hindu Business Line:
Sugar stocks on the BSE made a sweet recovery after the Government rolled out new ethanol policy.
Apart from making 5 per cent ethanol blending with petrol mandatory, the Government has allowed sugar mills to produce ethanol directly from sugarcane juice rather than the conventional method of producing it through molasses.
Shree Renuka Sugar topped the list of major gainers with 11.84 per cent to Rs 814, Shakthi Sugar was up 11.19 per cent at Rs 84, Thiru Arooran Sugars gained 10.11 per cent at Rs 114, Dhampur Sugar gained 10.28 per cent at Rs 62, Uttam Sugar gained 9.73 per cent at Rs 89 and Bajaj Hindustan went up 8.38 per cent at Rs 170. More.
Topics: Ethanol, Investing, News, Stock Market |
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