Indian sugar stocks climb as govt doubles incentive on use in ethanol

E I D-Parry (India)

04/10/2021 07:25

** Shares of Indian sugar manufacturers climb between 3% and
9% after the government doubles incentive for sugar used for
making ethanol
    ** India, the world's biggest sugar producer after Brazil,
to increase the incentive from this month  urn:newsml:reuters.com:*:nFWN2QX0FI
    ** Shares of Balrampur Chini  BACH.NS , Dalmia Bharat Sugar
and Industries  DLMI.NS , Triveni Industries  TREI.NS , Bannari
Amman Sugars  BANN.NS , Dhampur Sugar Mills  DAMS.NS  gain
between 5% and 9%
    ** Shree Renuka Sugars  SRES.NS , Bajaj Hindustan Sugar 
 BJHN.NS  and E I D-Parry (India) Ltd  EIDP.NS  rise between 3%
and 5%
    ** Shares of Praj Industries  PRAJ.NS , which makes ethanol
plants, rise as much as 2.7% 
    ** As of last close, sugar cos have climbed between 25% and
209% this year, vs a 25.39% gain in the Nifty 50 index  .NSEI  

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))