Sugar stocks climb as govt cuts GST on ethanol: Bajaj Hindusthan, Triveni Engineering, Shree Renuka gain up to 10%

Sugar stocks today gained on news of government slashing Goods & Services Tax (GST) on ethanol

Analyst Simi Bhaumik had recommended the stock in the previous week and has asked investors to hold it for price target of Rs 22 and Rs 24.

Another panellist and market expert Kunal Sarogi recommended a buy call at current level. The stock was trading at Rs 298.85 on the NSE, up by Rs 9.85 or 3.41 per cent.

He suggested buying for a target of Rs 317/322 and keep a stop loss at Rs 295

The stock was trading up by Rs 4.50 or 7.56 per cent around this time. price targets of Rs 70 and 75. He suggested to keep a stop loss at Rs 60