Sugar stocks gain,Ethanol blending
11th May 2021 (6:40 pm)
Sugar production in Brazil and Thailand, the two largest sugar exporter in the world, is expected to be lower at around 7-8 MMT each as compared to last year given the challenges faced due to dry weather.

the shortfall in global sugar production has resulted in a sharp increase in global prices of sugar 

advance the target of 20 per cent blending of ethanol in petrol to 2025 from the earlier target of 2030.

What is ethanol?
It is the organic compound Ethyl Alcohol which is produced from biomass. It is also an ingredient in alcoholic beverages. 

It will not have any effect. Since ethanol contains oxygen, it is supposed to help in complete combustion of fuel, resulting in lower emissions.

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Balrampur Chini Mills with a TP of Rs 380

Granules India  - 11th May 2021 (1:40 pm)

Granules India March-Quarter Consol Profit Rises

The company has reported total income of Rs.802.59 crores during the period ended March 31, 2021 as compared to Rs.860.92 crores during the period ended December 31, 2020.  The company has posted net profit / (loss) of Rs.127.56 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.146.80 crores for the period ended December 31, 2020.  The company has reported EPS of Rs.5.13 for the period ended March 31, 2021 as compared to Rs.5.90 for the period ended December 31, 2020.

* MARCH-QUARTER CONSOL PROFIT 1.28 BILLION RUPEES VERSUS PROFIT 923.4 MILLION RUPEES YEAR AGO

* MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.99 BILLION RUPEES VERSUS ABOUT 6 BILLION RUPEES YEAR AGO

* RECOMMENDED FINAL DIVIDEND OF 0.75 RUPEES/SHARE

Stock Markets:

6th November 2020 (7:00 pm)

Drug maker Cipla reported a 41.18 per cent increase in its consolidated net profit for the quarter ended September to Rs 665.43 crore.

 India business grew by 17% YoY with strong growth across the three businesses; continued servicing of patients with Covid-19 portfolio.

Cipla's total revenue from operations rose to Rs 5,038.29 crore, up 14.62 per cent from Rs 4,395.78 crore a year ago.  Cipla said its India business grew by 17 per cent YoY with strong growth across the three businesses and continued servicing of patients with Covid-19 portfolio.  Continued momentum across private and tender businesses drove its South Africa growth to 14 per cent on a YoY basis in local currency. Its US business reported a revenue of $141 million led by continued .

Cipla closed 0.50 per cent lower at Rs 789.90 on the BSE.