India is the second-largest producer of sugar in the world, and the demand for sugar is on the rise with the increasing population and changing consumption patterns. The Indian sugar industry has a significant contribution to the country’s GDP, and the sector has been witnessing a steady growth rate in recent years. With the sugar industry in India projected to grow at a CAGR of 5.2% during the forecast period of 2021–2026, the sugar stocks are expected to perform well in the coming years.
Investors and traders who are looking to invest in the sugar sector in India need to keep a close watch on the industry’s performance and the companies’ financials. In this blog post, we have carefully curated a list of the best sugar stocks in India that are expected to perform well in the year 2023. With our in-depth analysis and expert insights, we have shortlisted the stocks that have the potential to provide the best returns on investment.
Best Sugar Stocks in India 2023
Let us look at the list of some of the best sugar stocks in India, 2023, to help us decide which ones are good investment opportunities. We will make our decision based on financial ratios since we use Fundamental Analysis for long term investment decisions.
- Shree Renuka Sugars Ltd
- Triveni Engineering & Industries Ltd
- EID Parry (India) Ltd
- Balrampur Chini Mills Ltd
- Dalmia Bharat Sugar and Industries Ltd
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