Balrampur Chini, Shree Renuka, Triveni: Sugar stocks dip after 300% surge

Select sugar stocks like Balrampur Chini, Dwarikesh Sugar and Renuka had jumped up to 6-fold post the Covid-19 decline; However, off late the stocks have corrected sharply post export limitations.

The Indian stock market is currently facing a turbulent time with benchmark indices losing over 15 per cent so far this calendar year. The ongoing Ukraine war, high crude oil prices, soaring inflation and global monetary tightening are some of the key concerns that weigh on the market sentiment.

In its bid to combat the soaring inflation, the government has taken various steps in the recent days, such as changes in taxes, import, export levies and restrictions on exports.  One such restriction has been placed