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Outperforming stocks in the sugar sector:

Upper Ganges Sugar and Oudh Sugar stocks were seen rising in the morning trade on
the back of good performance by the sugar sector. Upper Ganges Sugar share price was
trading 11 per cent higher and Oudh Sugar share price was seen 6 per cent up. Dynamic
Levels Research analysts
recognize Upper Ganges
Sugar as a top 500 share
while Oudh Sugar falls in the
multibagger stocks list.
Good buying was recorded
in the sugar sector in the
morning trade.

Rise in Sugar Production:

India's sugar production has
risen marginally by nearly 2 per cent to reach 7.87 lac tonnes as compared to last year,
mainly on the back of early crushing in states such as Uttar Pradesh and Karnataka.
Indian Sugar Mills Association (ISMA) stated that sugar mills have produced a total of
15,000 tonnes more till 15th November this year at 7.87 lac tonnes as compared to 7.72
lac tonnes in the same period last year. Sugar marketing year runs from the month of
October to September. This is majorly because sugar mills in Uttar Pradesh and
Karnataka have begun earlier than their usual time, ISMA added.

In Uttar Pradesh:
As on 15th November, 222 mills have begun crushing as compared to 175 mills in 2015-16
SS or sugar season same time last year. Sugar mills in Uttar Pradesh have advanced
beginning of their crushing operations this season by a fortnight as compared to 2015-16.

As on 15th November, 55 sugar mills have been working and have produced 1.93 lac
tonnes, as compared to 15,000 tonnes in the same period last year, when merely 6 mills
were operational.
In Maharashtra:
In Maharashtra, sugar mills commenced operations after 5th November, while in 201516, the mills began their crushing on 15th October. About 95 sugar mills were in
operation as on 15th November, and they have currently produced 1.12 lac tonnes of
sugar as compared to 4.31 lac tonnes produced by 114 sugar mills in the corresponding
period last year.
In Karnataka:
In Karnataka, 38 out of 65 sugar mills have begun their crushing operations from 15th
November as compared to 30 sugar mills in the same period last year. Till 15th
November, sugar production in Karnataka was at 3.76 lac tonnes as compared to 1.60
lac tonnes in the same period last year.
In Gujarat:
About 17 sugar mills in the state of Gujarat have commenced crushing operations and
have produced around 62,000 tonnes of sugar as compared to 16 mills in Gujarat with
1.21 lac tonnes till 15th November 15.
In Tamil Nadu:
As far as Tamil Nadu is concerned, 4 sugar mills were in operation as on 15th November,
and currently they have produced 30,000 tonnes as compared to 40,000 tonnes
produced by 6 mills in the same period previous year.
In Andhra Pradesh and Telangana:
Four (4) mills in Andhra Pradesh and Telangana began their crushing producing 5,000
tonnes of sugar till 15th November as compared to 2 mills last year producing same
amount during the same period.

Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research
team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Disclosure
Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment Advisory
Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare
that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered. SEBI,
Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise letters or levied minor
penalty on for certain operational deviations.
Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/
his Relative:

Do not have any financial interest / any actual/beneficial ownership in the subject company.
Do not have any other material conflict of interest at the time of publication of the research report
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the
subject company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company

Article Written by
Salman Hashmi