![Why are sugar stocks trading higher today?](https://images.assettype.com/fortuneindia%2F2022-12%2Fc2949fd0-e4bd-4792-8d98-a142e7689094%2FGettyImages_177596721.jpg?w=300&q=95)
Why are sugar stocks trading higher today?
KCP Sugar, Uttam, Mawana, Shree Renuka rallied up to 17% after the government announced a 100% incentive for sugar sacrificed for the production of ethanol.
KCP Sugar, Uttam, Mawana, Shree Renuka rallied up to 17% after the government announced a 100% incentive for sugar sacrificed for the production of ethanol.
Shares of Sakthi Sugars, Dhampur Sugar Mills, Mawana Sugars, Balrampur Chini, Shree Renuka, Bajaj Hindusthan, and EID Parry rallied up to 20% intraday today.
This multibagger stock has risen from its 52-week low of ₹9.80 in April last year, to ₹55.50 intraday today, logging 466% growth in one year.