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Stable policy, stronger balance sheets make them ready for another round of re-rating? 6 sugar stock with upside potential up to 44%
If one was to look at the history of the sugar industry. Two things would stand out, their balance sheet was ridden with debt. Why it was ridden with debt because it is an industry where the policy and political interference was maximum. Second, the companies used to dread the time when elections were coming closer. The reason was simple, in order to please the vote bank, there would be announcements which would put pressure on the industry. The top most being the hike in the minimum support price...