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HomeIndustry & UpdatesThese multibagger sugar stocks gain up to 281 per cent in 2021

These multibagger sugar stocks gain up to 281 per cent in 2021

The rationalization of sugar inventories, balancing of demand & supply and an increase in ethanol sales will together contribute to the enhancement of the cash flows of integrated sugar mills for the next few years.

Sugar stocks have been on a buzz for the past few months. In June 2021, Prime Minister Narendra Modi announced that the target date for achieving 20 per cent ethanol-blending with petrol has been advanced by five years to 2025 to cut pollution and reduce import dependence.

The rationalisation of sugar inventories, balancing of demand & supply and an increase in ethanol sales will together contribute to the enhancement of the cash flows of integrated sugar mills for the next few years. India is likely to bring volatility to the sugar market on the back of its export subsidies and additional support to biofuel capacity.

In 2021, 19 sugar stocks have sweetened the investors’ portfolios by magnifying their wealth delightfully. On the lead is Simbhaoli Sugars, gaining 281.65 per cent on a YTD basis. It has delivered returns of 345.80 per cent over the last six months. This stock is surely attracting investors’ towards it. It is followed by Rana Sugars & SBEC Sugar zooming 272.56 per cent and 237.73 per cent, respectively in 2021, so far.

Have a look at other stocks that are sugar-coating the investors’ stock portfolio:

Company name 

Latest market cap (Rs crore) 

YTD returns (per cent) 

Simbhaoli Sugars Ltd

124.46

281.65

Rana Sugars Ltd

410.79

272.56

SBEC Sugar Ltd

140.34

237.73

Dalmia Bharat Sugar & Industries Ltd

3,384.88

193.27

Parvati Sweetners & Power Ltd

54.56

175

Sir Shadi Lal Enterprises Ltd

74.42

173.38

Bajaj Hindusthan Sugar Ltd

2,043.78

159.74

Dharani Sugars & Chemicals Ltd

50.13

153.78

Riga Sugar Company Ltd

16.15

150.67

Mawana Sugars Ltd

330.93

148.82

Triveni Engineering & Industries Ltd

4,199.29

142.09

KM Sugar Mills Ltd

252.54

130.29

Magadh Sugar & Energy Ltd

374.49

128.11

DCM Shriram Industries  Ltd

746.31

127.62

Shree Renuka Sugars Ltd

5,704.35

124.08

Dwarikesh Sugar Industries Ltd

1,280.45

118.65

Indian Sucrose Ltd

84.03

117.84

Avadh Sugar & Energy Ltd

882.11

104.05

Balrampur Chini Mills Ltd

7,311.15

103.06

The above news was originally posted on www.dsij.in

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