These sugar stocks recorded more than 10% returns in past week|STOCK FUTURE TIPS|EQUITY RESEARCH LAB| 04 February 2017

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Following sugar stocks have given more than 10% returns in the past one week: 

• Sugar prices in the global market have been increasing for the past week, touching their three months high in the global markets. Sugar production in India is widely expected to stay low since cane production in the country has decreased.

• For the 2016-17 season, Indian Sugar Mills Association (ISMA) has recently revised sugar output estimates downward to 21.3 million tonnes from its earlier projection of 23.4 million tonnes. It has lowered the sugar consumption estimates to 24.2 million tonnes for this year taking into account reports of sluggish sugar sales.

• Following sugar stocks have given more than 10% returns in the past one week:

• Parrys Sugar Industries Ltd., is on the first position. The stock has given 23.16% returns in the past one week.

• Uttam Sugar Mills Ltd., recorded 18.54% returns for the past one week.

• Kothari Sugars & Chemicals Ltd., recorded 14.23% returns for the past one week.

• Dhampur Sugar Mills Ltd., recorded 13.34% returns for the past one week. The stock touched its fresh 52-week high of Rs 196 per share on February 3. 

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