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Stock Under Rs 10: This Stock Set to Benefit from India's Ethanol Blending and Sugarcane Acreage Expansion
Stock Under Rs 10: This Stock Set to Benefit from India's Ethanol Blending and Sugarcane Acreage Expansion

Stock Under Rs 10: This Stock Set to Benefit from India's Ethanol Blending and Sugarcane Acreage Expansion

Company announced an expansion of its grain distillery capacity by 45 KLPD, investing Rs. 54 crores in the project

Karan Dsij Article rating: 4.1

Union Minister for Petroleum and Natural Gas recently announced that India has achieved a 15 per cent ethanol blending rate as of May, with a goal to reach 20 per cent by 2025. Originally set for 2030, this new target underscores India's commitment to transforming its energy landscape

After stock split from Rs 10 to Re 1 on May 31, very same day company announced an additional capacity expansion of Grain Distillery worth Rs 54 crore; details inside!
After stock split from Rs 10 to Re 1 on May 31, very same day company announced an additional capacity expansion of Grain Distillery worth Rs 54 crore; details inside!

After stock split from Rs 10 to Re 1 on May 31, very same day company announced an additional capacity expansion of Grain Distillery worth Rs 54 crore; details inside!

The stock gave multibagger returns of 675 per cent in 3 years with a PE of 81x, an ROE of 4 per cent and an ROCE of 7 per cent.

Kiran Shroff Article rating: 3.7

The promoters of the company sold 34,37,205 shares and decreased their stake to 70.70 per cent in March 2024 compared to 74.36 per cent in December 2023.

This sugar stock records the highest profit in the last 8 quarters; board-approved commissioning of a new CO2 plant
This sugar stock records the highest profit in the last 8 quarters; board-approved commissioning of a new CO2 plant

This sugar stock records the highest profit in the last 8 quarters; board-approved commissioning of a new CO2 plant

Company witnessed a notable surge in its stock price today, climbing by 9.15 per cent to reach its day high, supported by its strong Q3FY24 results.

Prajwal Wakhare Article rating: 3.5

The company is in the process of commissioning a new CO2 plant. The new plant will have an Investment of Rs 3 crores and will be financed through borrowings from a bank. The rationale for the new plant is to convert waste molasses fermentation into liquefied carbon dioxide and dry ice. This process has several benefits, including environmental and economic benefits.

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