Sugar stocks turn bitter as Centre raises fair price to Rs 340 a quintal
The Centre announced an increase in the sugarcane's Fair and Remunerative Price (FRP) to Rs 340 a quintal, up 8 percent from the current FRP.
Stay updated with breaking news from Eid Parry. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Centre announced an increase in the sugarcane's Fair and Remunerative Price (FRP) to Rs 340 a quintal, up 8 percent from the current FRP.
Q3 results today: 160 companies, including Britannia Industries and FSN E-Commerce Ventures, will announce their December quarter earnings on Tuesday. Street will be closely watching these results. Other important results include Brigade Enterprises, Computer Age Management Services, Chambal Fertilizers and Chemicals, Eid Parry, Eveready Industries, Godrej Properties, JK Tyre & Industries, Lemon Tree Hotels, Nazara Technologies, Radico Khaitan, Tata Teleservices Maharashtra, and Zaggle Prepaid Ocean Services.
A White Marubozu is a bullish candlestick pattern in technical analysis.
It is an uptrend signal if the RSI value has crossed above 50 from below.
The top gainer from the pack was Ugar Sugar Works, which shot up nearly 15% in the early trade. Others including Triveni Engineering & Industries, Balrampur Chini, Shree Renuka Sugars, Rana Sugar, Dwarikesh Sugar, and Eid Parry (+3.49%) gained up to 6.16% around 10:10 am.