BQ Edge: Why ICICI Direct’s Sanjay Manyal Is Upbeat On Sugar Millers

A focus on augmenting production, supportive measures by the government, lowering domestic inventories and ethanol blending have prompted Sanjay Manyal of ICICI Direct to stay upbeat on the sugar sector.The larger focus is on the Uttar Pradesh-based millers due to better yields and availability of water, the research analyst at the brokerage told BloombergQuint’s Niraj Shah during a BQ Edge event.Sugarcane juice- and B-heavy or secon...