Prime Minister Narendra Modi on Saturday said the target of 20% ethanol blended petrol has been preponed by five years to 2025 and the government has identified 11 sectors that can leverage resources by recycling them through modern technology. This has lead to the increase in the price of Sugar stocks , PE ratio of the componat is 10.10 as compared to the sector PE 0f 34.53 , low promoter pledging this is fundamental analysis for short term .
For technical analysis stock is consolidating for almost 10 months and there is breakout , the stock is also forming round bottom , can expect tgt of 37.

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