Best may be behind for sugar stocks
Photo: Shutterstock The government, in order to maintain the availability of sugar and keep prices under check, has again extended the stock-holding limit by six months. A few days ago, it had resorted to allowing duty-free imports, which will keep sugar prices in check. These measures suggest that a further upside in sugar prices from here on may be limited, and hence the major part of the rally in share prices of sugar companies is behind. The uptrend in sugar prices on the back of tightening supplies has so far been the key.....