[MMB RI] Dwarikesh sugar is on full swing as E20 is already started and even it will take 10 days for all refineries in Gulf to c...

The ethanol blending program (E20) is a significant policy driver for the sugar sector, boosting demand for ethanol. Global refinery operations also impact sugar and related commodity prices.

Consider long positions in Dwarikesh Sugar, anticipating continued positive momentum from policy support and demand.

For Indian markets, this story mainly matters for DWARKESH and the auto, sugar pocket. The current signal is bullish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Benefiting from E20 ethanol blending program and increased operational efficiency of Gulf refineries, leading to higher demand and potential for price appreciation. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Dwarikesh sugar is on full swing as E20 is already started.
• •Gulf refineries will take 10 days to come back to full operational efficiency.
• •Target 300 this year is very likely.
• •Risk flag: Government policy changes on ethanol blending
• •Risk flag: Sugar cane production volatility