We expect that this news is positive for sugar stocks like Praj Industries, Balrampur Chini, EID Parry after the government has brought forward the target date for achieving 20 percent ethanol-blending with petrol by two years to 2023 to help reduce India's dependence on costly oil imports, according to official
notification.
Last year, the government had set a target of reaching 10 per cent ethanol-blending in petrol (10 percent of ethanol mixed with 90 per cent of diesel) by 2022, and 20 per cent doping by 2030. Earlier this year, the
the target for 20 percent blending was brought forward to 2025.
We have already benefitted with this news much before as we were long in certain quality stocks in sugar stocks where our clients are getting benefitted using our short term stock tips as time always act in the favour of the investors.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
