Sugar Stocks Gain as Government Boosts Ethanol-Blended Fuel

Sugar stocks rallied up to 3.5% after the government exempted petrol containing 22%–30% ethanol from excise duty. The move is expected to increase ethanol demand, benefiting sugar and ethanol producers. Shares of Dhampur Sugar Mills and Dwarikesh Sugar Industries led the gains as investors cheered the policy support for the ethanol. $DWARKESH