The company's majority of stake i.e., 23.15 per cent, is owned by the Government of India (Department of Investment and Public Asset Management).

The stock opened at 190.8 and reached a high of 212.6, experiencing fluctuations between the intraday low of 190.1 and the current market price (CMP) of 207.2. This considerable price action reflects a 9.69 per cent increase from the previous close of 188.9.

The company has delivered returns of 66 per cent over the past year and great returns of 111 per cent over the past 3 years

In the fiscal year 2022-2023, the company reduced its debt and as of right now, its total debt is only about Rs 30 crore.   

The stock gave multibagger returns of 113.78 per cent in just 6 months with a PE of 10.45x and an ROE of 21.02 per cent.

About 2,036 shares have advanced, 1,487 declined and 142 are unchanged. 

The government announced that the goods and services tax (GST) on sugar will be reduced from 18 per cent to 5 per cent and will also increase the sugar export quota for the financial year 2022-2023.

The PE multiple for EIL is 13.74, while the PE multiple for the sector is 25.3. The stock generated gains of more than 45 per cent in just six months.

With the majority stake held by the government, these companies are comparatively less volatile and stable in market actions.

The shares surged 10 per cent on the day.

RBI discussion paper, issued earlier in August, expressed that the charges in UPI need to be levied in the same way as IMPS for fund transfer. This raised questions about the possibility of RBI charging fees for UPI payments, which has created a buzz among the general public.