Shares of Dalmia Bharat Sugar (DALMIASUG) experienced a significant surge of over 10% today, following the Indian government’s decision to lift restrictions on ethanol production. At 9:37 AM, the stock was trading at ₹497.60, reflecting an impressive increase of ₹56.00 or 12.68%.
The government’s move to remove curbs on ethanol production is expected to enhance the profitability of sugar mills, allowing them to divert more sugar towards ethanol manufacturing. This policy shift aligns with the government’s broader goals of promoting renewable energy and reducing reliance on traditional fossil fuels.
Market analysts anticipate that this development will not only benefit Dalmia Bharat Sugar but also other players in the sugar industry, as the increased flexibility in production could lead to improved financial performance across the sector. The positive market response underscores investor confidence in Dalmia Bharat Sugar’s growth prospects as it positions itself to capitalize on the favorable regulatory environment.
