Price and Volume Breakout: 3 Sugar Stocks under Rs 50 to Keep on Radar!

Today, there is significant investor attention towards sugar stocks, resulting in robust participation.

If you are seeking breakout stocks, particularly among sugar stocks, you're in the right place. Here, you'll find three sugar stocks to consider for BTST trading, as they have exhibited either a range breakout or a price level breakout accompanied by heavy volumes.

Rana Sugars Ltd manufactures sugar, ethanol, and co-generation of power. RSL is a part of Rana Group and was formed as a joint venture with Punjab Agro Industrial Corporation Ltd. It is an integrated sugar manufacturing company with interests in sugar, power, and alcohol.  Today, the share opened the day at Rs 25 and reached a high of Rs 26.99. As of writing this article, it is trading at around Rs 26.24 per share on the BSE. The stock has generated impressive multibagger returns of over 800 per cent in the past 5 years.

Simbhaoli Sugars Ltd, a micro-cap company, manufactures and sells sugar and other products. SSL is a sugar manufacturing company that deals in a portfolio of consumer brands across staples, foods, beverages, home and personal care, and agri-related categories. Today, the share opened the day at Rs 30.91 and reached a high of Rs 34.95. As of writing this article, it is trading at around Rs 33.84 per share on the BSE. The stock is on the verge of breakout on the weekly time frame.

Bajaj Hindusthan Sugar Limited (BHSL) Small-Cap company was incorporated in 1931 under the name 'The Hindustan Sugar Mills Limited'. The company is engaged in the manufacture of sugar, alcohol, ethanol, and the generation of power. Today, the share opened the day at Rs 37.06 and reached a high of Rs 36.44. As of writing this article, it is trading at around Rs 41.01 per share on the BSE. The stock has given a breakout on the monthly time frame.

Investors must keep these stocks on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.