Sugar Stocks:These Top Performing Penny Stocks of 2021, slip in the past month; know more here!
The year 2021 saw several sectors dominate the market returns. With government decision on ethanol which is expected to create revenue generation opportunities for Sugar Factories and the firming up of sugar prices in international markets, the sugar stocks rallied in 2021.
Several penny stocks priced below Rs 20 per share saw a decent rally in 2021 alone, with some of the penny stocks turning out to be multibaggers. However, if we look at the performances of these set of trending penny stocks (top performers), we find that 19 out of 20 penny stocks that were trending in 2021 have slipped deep in to the red.
In the latest update for the sugar sector, we saw the sugar futures hit multi year high in the US markets. With production cut expected in Brazil the prices may remain high and the sugar stocks were seen rallying this week again.
Here is the list of top performing sugar stocks of 2021 that slipped in the past one month:
|
Sr No
|
Company Name
|
Price on Jan 1,2021
|
Price on Aug 12,2021
|
1 month returns
|
YTD Returns (%)
|
|
1
|
Gayatri Sugars Ltd.
|
2.05
|
3.22
|
-21.46
|
57.07
|
|
2
|
Parvati Sweetners and Power Ltd.
|
2.2
|
6.29
|
1.45
|
185.91
|
|
3
|
Dharani Sugars & Chemicals Ltd.
|
5.95
|
15.45
|
-48.5
|
159.66
|
|
4
|
Bajaj Hindusthan Sugar Ltd.
|
6.16
|
16.8
|
-28.51
|
172.73
|
|
5
|
Rana Sugars Ltd.
|
7.18
|
26.6
|
-26.42
|
270.47
|
|
6
|
Simbhaoli Sugars Ltd.
|
7.9
|
30.35
|
-25.06
|
284.18
|
|
7
|
SBEC Sugar Ltd.
|
8.72
|
29.35
|
-10.93
|
236.58
|
|
8
|
Sakthi Sugars Ltd.
|
10.47
|
16.7
|
-23.57
|
59.5
|
|
9
|
K.M. Sugar Mills Ltd.
|
11.92
|
28.05
|
-21.76
|
135.32
|
|
10
|
Shree Renuka Sugars Ltd.
|
11.96
|
27.9
|
-28.37
|
133.28
|
|
11
|
Piccadily Agro Industries Ltd.
|
12.74
|
17.5
|
-21.17
|
37.36
|
|
12
|
Rajshree Sugars & Chemicals Ltd.
|
15.65
|
25.15
|
-29.25
|
60.7
|
|
13
|
K.C.P. Sugar And Industries Corporation Ltd.
|
16.35
|
24.05
|
-22.67
|
47.09
|