Sugar Stocks on the fly : Govt to decide on sugar sops

According to the market news the goverment of india is likely to decide on monetary sugar sops in 8 to 10 days. Government is also set to approve direct ethanol manufacture from sugarcane so sugar mills will be able to sell Ethanol at Rs 21.50 per litre.

Based on the above news all the stocks in the Sugar sector have made tremendous gains today, all of them have hit upper circuits. It would be interesting to watch this sector for another two weeks as the sugar sector has not particpated in the market rally from the last few quarters and investors who have held their investments in this sector should gain well in the coming weeks.