"when it comes to remuneration for farmers, there is no other crop as compared
Output increase due to new variety and option to use sugarcane for sugar or fuel has changed the dynamics.
Due to above reasons, we can expect re-rating of Sugar stocks. It will start commanding more Price to Earning than earlier.
Three stocks I have discussed as my favorite. Two big companies are Dhampur Sugar and Balrampur Chini. One mini one was KM Sugar. Now, after 3x return from KM Sugar, I do not suggest this.
KM Sugar CMP is Rs 31.