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

Consumer Defensives
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
    ** FRP is the minimum price that sugar mills have to pay to
    ** 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;
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.