Why Sugar Stocks Riding High? 5 Multibagger Small Cap Stocks That Gained Over 48% In 3-days

Shares of leading sugar companies have been riding high ever since government has announced that it may consider surging sugar exports quota for the current 2022-23 year after evaluating the domestic production in January. Earlier this year in November, the government permitted export of 60 lakh tonnes of sugar for the 2022-23 marketing year (October-September).

It is worth noting that India exported a record 111 lakh tonnes of sugar in 2021-22 marketing year, according to a PTI report. Check 5 sugar stocks that gained over 45% in the last few days:

Name of company	Potential return
Sakthi Sugars	49%
Rajshree Sugar & Chemicals	47%
Simbhaoli Sugars	40%
Dalmia Bharat Sugar and Industries	22%
Dhampure Speciality Sugars	15%

1. Sakthi Sugars

The stock also hit upper circuit today when it surged to Rs 34.55 apiece in morning trade today. It also traded its new 52-week high today. It has a market capitalisation of Rs 403 crore.

The stock gained 49% in just last 1-week. The stock has given 129% return in last 1-year and 292% return in last 3-years. The small cap stock was incorporated in 1961.

2. Rajshree Sugar & Chemicals

The last trading price of the stock is Rs 66 apiece with an intraday gain of 19.96. The stock also hit upper circuit today (December 19, 2022) when it climbed Rs 66.60 apiece. The stock also traded its new 52-week high today at 66.70 apiece.

The stock has gained 47% in just 1-week span, 71% in last 1-month, and 100% in last 3-months. The stock has given maximum return of 290% in last 3-years. The company has a market capitalisation of Rs 221 crore.

The small cap company was incorporated in 1985.

3. Simbhaoli Sugars

The stock hit upper circuit in trade today. In morning trade only, the stock registered a sharp rally of 19.86%. It gained 40% in last 1-week only. The current market price of the stock is Rs 33.80 apiece.

It has a market capitalisation of Rs 139 crore. It came into existence in 2011. The stock has given maximum return of 454% in last 3-years.

4. Dalmia Bharat Sugar and Industries

The stock gained 22% in last 1-week only and 25% in last 1-month. In the last 3-years, the shares of Dalmia Bharat surged 382% and 212% in last 5-years. It hit upper circuit intraday.

The last trading price of the stock is Rs 424 apiece with an intraday gain of 15.48% in morning trade so far. The company has a market capitalisation of Rs 3,431 crore. The small cap company was incorporated in 1951.

5. Dhampure Speciality Sugars

Shares of Dhampure Speciality Sugars hit upper circuit intraday when it climbed 34.85 apiece. The current market price of the stock is Rs 34.80 apiece with an intraday gain of 19.79%. The stock gained over 15% in last 1-week and 122% in last 3-years. The small cap company was incorporated in 1992.

Disclaimer

The stocks give details about the return in last few days. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.