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BQ Edge: Why ICICI Direct’s Sanjay Manyal Is Upbeat On Sugar Millers
Why ICICI Direct’s Sanjay Manyal is bullish on sugar sector.
17 Aug 2021, 02:00 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![An employee displays raw sugar granules at a processing plant in Russia. (Photographer: Andrey Rudakov/Bloomberg)](https://media.assettype.com/bloombergquint%2F2019-06%2F58476fdd-0fef-4e60-95b4-53a37bd86999%2F314159229_1_7.jpg?rect=0%2C115%2C3000%2C1688&auto=format%2Ccompress&w=200)
An employee displays raw sugar granules at a processing plant in Russia. (Photographer: Andrey Rudakov/Bloomberg)
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...
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