While the spike in global sugar price is a recent phenomena and has brought focus on the sugar stocks, the Indian sugar sector has gone through a transformation. Many may not know that the first attempt to mix ethanol with other fuels and achieve the twin objective of reducing oil import bill and helping industry was made even in the year 2001 but it did not succeed. As the underlying macro changes sugar companies are making a comeback on the analyst and some of them have seen more domestic institutional investor participation.
