Top 5 sugar stocks under ₹100 to add to your watchlist
exporters of sugar in the world. Despite this, the Indian sugar industry is battling several challenges. The yield of sugarcane in India is very low compared to other major exporters.
The production cost of sugar is also very high compared to other crops. Moreover, sugar has a short smashing season, and with a growing population, the demand for sugar is only going to go up. These challenges are hindering India's progress with respect to sugar exports.
In recent weeks, Indian sugar stocks have been in the limelight amid concerns about a global sugar shortage. With all that’s been going on in the industry, let’s look at the top sugar stocks below ₹100 that still have enough headroom to grow. First on this list is KCP Sugar & Industries.
The company is engaged in the manufacturing of sugar as well as its associated products such as rectified spirit, extra neutral alcohol, ethanol, incidental cogeneration of power, etc. Interestingly, the stock is part of Dolly Khanna’s portfolio as the latest shareholding pattern shows that she holds 1.26% stake in the company as of September 2023. The company currently trades at ₹37 with a market cap of ₹4.2 billion (bn).
In the past three months, shares of the company have seen a decent rise, in line with the rally witnessed in other sugar stocks. In the past one year, the stock is up around 70%. KCP Sugar & Industries Share Price – 1 Year Performance Sugar stocks overall have seen a decent rise in the quarter gone by as increase in sugar prices boosted the demand.
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