Synopsis
Though export subsidy-related uncertainties are keeping prices low, the picture is far from gloomy in the sugar sector. Experts feel the current low valuations in the sugar sector offers attractive entry points. Last year’s exports have played a major role in this.
Benchmark indices are hitting new highs, but sugar stocks have been on the sidelines and with reason. “There is a lot of uncertainty about the export subsidy in 2020-21, because government finances are at a difficult level,” says Khushbu Lakhotia, Associate Director, India Ratings & Research. The government keeping the subsidies of 2019-20 pending is another problem. While companies are showing it as receivables, it is putting pressure on
Nov YoY passenger vehicle sales rises, but car off-take down 2.77% (Roundup)
By IANS| Updated: 12th December 2020 7:35 am IST
However, the sales momentum slowed on the sequential basis.
According to industry data released on Friday, passenger vehicles sales increaed by 4.65 per cent in November on YoY basis. The category includes sub-segments of cars, utility vehicles and vans.
A total of 264,898 passenger vehicles were sold in the domestic market from an off-take of 253,139 units sold during the like period of 2019.
Nevertheless, the data released by the Society of Indian Automobile Manufacturers (SIAM) showed a sequential growth in sales during October.
In October, a total of 3,10,294 passenger vehicles were sold in the domestic market.