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.

As a result of recent vigorous trading activity, dividend payout and an increase in the volume of more than 3.72 times on the BSE today, the company's stock price has risen dramatically today.

The core equity indices, Sensex and Nifty 50 are seen continuing their five-day winning streak on the back of strong economic data released by the government.The retail inflation, measured by Consumer Price Index (CPI) eased to a five-month low of 6.71 per cent in the month of July down from 7.01 per cent in June thereby, successfully complementing the rate hikes carried out by RBI since May 2022.