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Sugar sector multibaggers have skyrocketed up to 252 per cent so far this year; do you own any of these stocks?
Sugar sector multibaggers have skyrocketed up to 252 per cent so far this year; do you own any of these stocks?

Sugar sector multibaggers have skyrocketed up to 252 per cent so far this year; do you own any of these stocks?

According to the 48th GST Council Meeting, the government announced that the goods and services tax (GST) on sugar will be reduced from 18 per cent to 5 per cent.

Kiran Shroff Article rating: 4.4

The government announced that the goods and services tax (GST) on sugar will be reduced from 18 per cent to 5 per cent and will also increase the sugar export quota for the financial year 2022-2023.

Trending stock below Rs 100: This multibagger sugar stock jumped 900 per cent in past three years! Do you own it?
Trending stock below Rs 100: This multibagger sugar stock jumped 900 per cent in past three years! Do you own it?

Trending stock below Rs 100: This multibagger sugar stock jumped 900 per cent in past three years! Do you own it?

The stock has registered a strong price volume breakout as it soared another 4 per cent to hit an all-time high level of Rs 68.65 on NSE

Rohit Kale Article rating: 3.9

The main driver for the sugar stocks has been the government’s increased push towards ethanol blending in fuel. Ethanol is the by-product of sugar and the government plans to blend 20 per cent ethanol with the fuel.  

 

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