Best Sugar Stocks in India 2023

The Indian Government’s push for green energy and reducing the import bill incurred on Crude oil, has promoted the use of hybrid and flex fuel vehicles in the country. This has led to higher requirements of ethanol. Ethanol, which is derived from Sugarcane, has brought focus on the best sugar stocks in India 2023.

The Government has set a target for 20% ethanol blending in fuel, leading to more diversion of sugarcane for this purpose rather than simply for sugar production. Companies that operate in the sugar industry are gaining more traction as the Government takes special measures to promote higher production of ethanol.

India stands among the top three in the world in highest sugar production. Moreover, Sugar industry is the second largest agro-based industry in our country.

Best Sugar Stocks in India 2023

Let us look at the list of some of the best sugar stocks in India, 2023, to help us decide which ones are good investment opportunities. We will make our decision based on financial ratios since we use Fundamental Analysis for long term investment decisions.

Shree Renuka Sugars Ltd

Triveni Engineering & Industries Ltd

EID Parry (India) Ltd

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