00:00Let's talk about buzzing stocks. Today, good news for sugar stocks has come out and on the last day of the week, i.e. on Friday, the sugar companies have seen a sharp increase in their stocks.
00:12Actually, the government has made some important announcements related to ethanol, due to which the shares have caught a storm.
00:19If we talk about stocks specifically, then Balrampur, Dhampur, Dalmia, Awad and Renuka Sugar have seen a jump of 7-9%.
00:27We will definitely take advice from Mr. Ravi, but before that, let's know a little more about the news and details.
00:32Actually, the government has approved the use of sugar syrup in ethanol from the new season.
00:38The ethanol season runs till November-October.
00:40This decision will benefit the sugar companies.
00:43Apart from this, ethanol is more beneficial in production than sugar sales.
00:47Sugar companies are also asking for an increase in the price of ethanol and the government is considering it.
00:52So, if the price of ethanol increases, it will benefit the sugar companies.
00:57Sir, now that you have heard the news, tell us what advice you will give to investors in sugar stocks.
01:03You are absolutely right, Mr. Bhawana.
01:07Here, the trend of rapid growth is visible in the market.
01:11Generally, whenever there is any interpretation of the government in the sugar stock, it is seen to be rapid.
01:16Either it is the budget or some announcement.
01:19The discussion of the announcement is going on here.
01:21That is why it is rapid.
01:22For now, there can be more sugar stocks here for a week or two.
01:27As far as particular levels are concerned, Bajaj Hind can go up to Rs. 50.
01:33Renukai Sugar can go up to Rs. 54.
01:37Dwarkesh Sugar can go up to Rs. 80.
01:40Dalmia Sugar can go up to Rs. 500.
01:44So, if there are positions, then keep it continued.
01:46Don't be in a hurry.
01:47You can see a little more rally.
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