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:

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