Sugar stocks in focus after LS passes Sugar cess bill

Stocks in news are: LIC Housing Finance board approves acquisition of 19.3 percent stake in LIC Nomura MF AMC from Nomura. To acquire 19.3 percent stake in LIC Nomura MF AMC for Rs 27.36 crore. Acquisition of 19.3 percent in LIC Nomura MF Trustee from Nomura. To acquire 19.3 percent stake in LIC Nomura MF Trustee for Rs 1.52 lakh. Held 20 percent stake in AMC & 16 percent in Trustee business; Nomura held 35 percent. Now company holds 45 percent in AMC & 49 percent in Trustee. Nomura's stake to come down to near 15 percent post transaction. Sugar Stocks: Lok Sabha passes Sugar Cess (Amendment) Bill, 2015. The Bill aims at increasing sugar cess to Rs 200/quintal from Rs 25/quintal. Companies are hopeful of passing on cess to consumers. Companies expects hike to be in phases. Expect Rs 25/qunital levy to go up to Rs 100/quintal in phase 1. Current Sugar Production stands at 250 lakh tonnes. Impact of Rs 2,500 crore on industry if cess hiked to Rs 100/quintal. Rs 2,500 cr will go into Sugar Development Fund. Current outstanding cane arrears are Rs 5,500 crore.Auto Stocks: Supreme Court suggests ban on registration of diesel cars over 2000 cc in Delhi. Final order expected to be passed today. Supreme Court proposes double environment compensation charge on trucks entering Delhi. Supreme Court proposes increasing environment compensation charge to Rs 1,400 & Rs 2,600. Delhi constitutes 8 percent of overall passenger vehicle market. Order is very negative for Mahindra & Mahindra. 4 percent of M&M's sales come from Delhi market. Most of M&M's products, XUV 5OO, Xylo, Scorpio have more than 2000 cc engines. Order sets a precedent for other big cities in country with pollution concerns. Most other successful SUVs like Hyundai Creta, Maruti SCross, Ertiga have less than 2000 cc engines. Ashok Leyland, Tata Motors to see sentiment negative. Environment compensation charge could be hiked. Arcotech bags order worth Rs 335 crore from Government Mint. Order for supply of 6000 mt nickel brass coils worth Rs 268 crore. Order has an option of another 25 percent aggregating the order to Rs 335 crore. Order to substantially boost revenue for company. Company registered revenue of Rs 656 crore in FY15 and Rs 344 crore in H1FY16. Order likely to boost profit significantly. Manufacturer of copper and copper-based alloys semis.Thomas Cook, Titan, Cox & kings: Revenue Seceretary says PAN mandatory for foreign travel of Rs 50,000 & above. PAN mandatory for conversion of Rs 50,000 & above into foreign currency. All transactions over Rs 2 lakh will have to quote PAN number. The other stocks in news are: IGL, BP, HP and IOC.