Sugar industry still uncertain after GST rollout
DSIJ Intelligence / 03 Jul 2017
Rana Sugars is the top gainer in the sugar space. The stock is trading higher by 8.4% at Rs 8.9 per share.
The sugar industry is awaiting clarity on the cess that mills pay.Uncertainty about the cess and claim still continues after GST rollout on July 1, 2017. The GST on sugar is 5%. Wholesale traders had reduced sugar purchases in June due to this uncertainty.
However, it seems sugar investors have welcomed GST with open arms. Sugar stocks have been buzzing on the bourses with steady gains.
Rana Sugars is the top gainer in the sugar space. The stock is trading higher by 8.4% at Rs 8.9 per share. Other sugar stocks like Girdharilal Sugar,Dalmia Sugar, KCP Sugar, Gayatri Sugar, Ugar Sugar Rajasree Sugar are some of the sugar stocks which were trading higher by more than 3% on Monday.
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