sugar stocks have been trending upward since the second half of 2015 when the first indication of a crop failure was visible. A poor monsoon in 2016 helped propel the market higher as sugar prices received the next booster dose. From a low of Rs 2,165 per 100 kg in July 2015 sugar prices crossed the Rs 4,000 mark by February 2017.
Sugar producers participated in the rally giving multi-bagger returns during this period.
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