Shares of Shree Renuka Sugar, Ugar Sugar, Dhampur Sugar Mills, Balrampur Chini and Triveni Engineering, among others, soared 3-5 percent during trade.
Brokerage house believes Balrampur Chini, Dhampur Sugar and Praj Industries are likely to benefit the most from the Centre’s ethanol policy.
Stocks such as Rajshree Sugars, Balrampur Chini, Dwarikesh Sugar, Mawana Sugars and Avadh Sugar have all witnessed a strong close.
Panel to discuss alternate ways to raise revenues for the sugarcane industry.
Abinash Verma, Director General of ISMA, said that the yield in Maharashtra and Karnataka had dropped by more than 40 percent.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com, is bullish on sugar stocks. He also makes a buy call on the metal stocks as he is positive on natural resources. He bets on Indian metal ferro, MOIL, NMDC, Sandur Manganese.
The Union government, in a letter dated September 8, has asked every sugar mill in the state to keep only 37 percent of its stock, thus pushing them to offload the rest by September 30.
Mitesh Thacker of miteshthacker.com is of the view that one can buy ELGI Equipments and sell EID Parry.
SP Tulsian, sptulsian.com in an interview to CNBC-TV18 shared his views on stocks like Dish TV, Alembic pharma, sugar stocks, SPARC, Sundaram Finance and others
Some of the stocks that should be on your radar are Tata Motors, Sugar Stocks, Ujjivan Financial Services, Indian Hotels Company, Crompton Greaves, Sequent Scientific, Lux Industries, Infosys, ICICI Bank, State Bank of India.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Ajanta Pharma, Strides Shasun, Alkem Laboratories, Sugar Stocks and Steel Sector.
Niraj Dalal, Independent Market Expert likes Balrampur Chini and EID Parry from the sugar space.
Stocks that are likely to be in the focus today are: Cadila Healthcare, Biocon, Sugar Stocks, Telecom Stocks, Hexaware Technologies, Gokaldas Exports, Arshiya,Kirloskar Pneumatic Company, Narayana Hrudayalaya, Aditya Birla Nuvo, Kansai Nerolac Paints.
Bharti Airtel fell 4 percent while ITC, HDFC, Vedanta and Reliance were major laggards in the Sensex. Axis Bank gained 5 percent. Among the top gainers were Wipro, GAIL, Sun Pharma and ICICI Bank.
One can stay away from sugar stocks, says SP Tulsian, sptulsian.com.
Sugar stocks were under pressure since early trade on Wednesday after the cabinet committee on economic affairs or CCEA has deferred a decision on sugar decontrol yesterday.
Sugar stocks sweetened on Monday as media reports indicated that the government is going to consider sugar decontrol on March 18.
SP Tulsian, sptulsian.com advises traders to stay away from sugar stocks.
Mehraboon Irani, principal and head - private client group business, Nirmal Bang Securities told CNBC-TV18 that the market has started to discount the rate-cut and the IIP data. He advises investors to hold on to Balrampur Chini
Sugar stocks were on buyers' radar on Monday after the Food Minister KV Thomas says the Cabinet may decide on sugar decontrol this week.
VK Sharma, Head Private Broking & Wealth Management, HDFC Securities is of the view that one should exit from sugar stocks.
Sugar stocks sweetened on Tuesday as Food Minister K V Thomas said sugar production could touch 25 million tonnes in next financial year 2013-14.
Sudarshan Sukhani, s2analytics.com is not upbeat on sugar stocks.
Sudarshan Sukhani, s2analytics.com said he would not be bullish on sugar stocks.
Sugar stocks came under pressure on Monday, after the Uttar Pradesh (UP) government increased state advised price (SAP) for sugarcane procurement to Rs 275-290 a quintal for 2012-13.