Top Bajaj Hindusthan hits upper circuit; other sugar stocks climb too; here's why

  1. Shares of Bajaj Sugar hit their upper circuit level of 10 percent in Friday's trade. Other sugar stocks also gained as the government said it may consider increasing the sugar export quota for the current 2022-23 marketing year. For Bajaj Bajaj Hindusthan Sugar, a strong technical trend too was at play.

    The stock jumped over its previous close of A total of shares changed hands on BSE, amounting to a turnover of the lender's market capitalization or m-cap stood at crore.

    At today's high-level Bajaj Hindusthan has gained  percent compared to its August low of 

    The stock has climbed percent in the previous five sessions. On a year-to-date (YTD) basis, it has gained percent.

    Analysts largely felt that Bajaj Hindusthan stock's immediate resistance is seen around the level. It may climb up once it surpasses the said level, said one analyst while another suggested that the stock is 'overbought' and investors can look to book profits at current levels.

  2. Senior Analyst- Technical & Derivative Research at Angel One, "There has been a buzz in the sugar counters in today's session, mirroring to which Bajaj Hindusthan Sugar has also soared upwards. On the technical aspect, the stock has a bullish gap placed, and till it sustains above the same, it is expected to stay in the short-term uptrend. On the flip side, the immediate resistance is placed around Rs surpassing which it may re-test the recent swing high of in the comparable period."

    Pavitraa Shetty from Tips2trades, said, "From a journey of insolvency to payment of all OCD (optionally convertible debentures) dues, Bajaj Hindusthan stock price has surged since the past few weeks on the back of a strong uptrend even in the small-cap index. Technically, the stock is overbought and investors should book profits at current levels up to New buy positions should be created only near 

    The government would consider allowing additional sugar exports under the quota system in January after assessing local production, Food Secretary Sanjeev Chopra told news agency Reuters.

  3. Meanwhile, Indian equity benchmarks fell sharply in late deals today amid weak cues from the global markets.

  4. "I want to live to be 150!" A famous centenarian from India shares how she lengthens her life

    A resident of India, Sefi Oyeyemi, was born in New Delhi in 1896. She lived through both world wars and saw the country be led by tens of politicians. In the Book of Records in India she is listed as the oldest living person in the world - on March 14, she turned 126 years old. Sefi managed to outlive not only her peers but also many children of her peers.

    This great-great-grandmother regularly undergoes medical examinations. Every year the doctors say the same thing: she’s as healthy as a horse, she could give astronauts a run for their money in that regard.

    Despite such a long life, rarely left her countryside home and always refused whenever her children would offer to move her to the city. Her children were, naturally, concerned about leaving a woman of such age alone. But couldn’t care less about her age

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