Dalmia Bharat Sugar And Industries logo

DALMIASUG - Dalmia Bharat Sugar And Industries News Story

₹168.05 -6.4  -3.7%

Last Trade - 05/03/21

Sector
Consumer Defensives
Size
Small Cap
Market Cap £134.6m
Enterprise Value £139.0m
Revenue £271.6m
Position in Universe 723rd / 3099

BUZZ-Indian sugar stocks fall on report govt may raise fair price for sugarcane

** Shares of Indian sugar producers fall in afternoon trade
on a report that govt may increase fair and remunerative price
(FRP) for sugarcane by 20 rupees to 275 rupees per quintal
 urn:newsml:reuters.com:*:nI8N1TD002
    ** FRP is the minimum price that sugar mills have to pay to
farmers
    ** Raising FRP will definitely hurt margins as costs for
these companies will go up, said an analyst with a domestic
brokerage who did not wish to be quoted
    ** E.I.D-Parry (India) Ltd  EIDP.NS  falls as much as 4.1
pct to 214 rupees, while Dhampur Sugar Mills Ltd  DAMS.NS  drops
up to 4.3 pct to 80.6 rupees
    ** Dalmia Bharat Sugar And Industries Ltd  DLMI.NS  declines
as much as 5.9 pct to 52 rupees; down over 58 pct this year as
of last close

 ((Reuters Messaging: sharnya.g@thomsonreuters.com@reuters.net;
krishna.vkurup.thomsonreuters.com@reuters.net))
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