Dalmia Bharat Sugar (DALMIASUG) shares increased by more than 10% this week after the Indian government lifted ethanol production limitations.
The government’s decision to remove curbs on ethanol production is likely to boost sugar mill profitability, allowing them to shift more sugar into ethanol manufacturing. This policy change fits in with the government’s overall objective of promoting renewable energy and reducing reliance on traditional fossil fuels.
Market analysts believe that this move would help not only Dalmia Bharat Sugar but also other sugar industry players, as enhanced production flexibility may lead to improved financial performance throughout the sector.
Stock Performance on Friday
– Open: ₹480.00
– High: ₹499.00
– Low: ₹462.65
TOPICS:
Dalmia Bharat Sugar