Today, the share of Shree Renuka Sugars Limited in the sugar sector has an upper circuit of 5 percent. The stock has reached a new 52-week high of Rs 22.80 on the BSE. The stock has given more than 50 per cent returns in a week. The shares of this sugar company have mixed sweetness in the lives of investors.
The trend of upsurge in the domestic stock market continues. Smallcap stocks have given great returns in this boom.
Why is the stock rising
Recently, Prime Minister Narendra Modi has reduced the deadline by five years to 2025 to achieve the target of 20 per cent ethanol blending in petrol to cut carbon emissions and reduce dependence on imports. After this news, there is a bullish trend in sugar stocks.
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