Ready for a sustained re-rating? 7 stocks from the sugar sector, 5 with an upside potential of up to 48%

The first attempt to blend ethanol in gasoline to achieve the twin objectives of reducing the oil import bill and helping the sugar industry was made way back in 2001. For one or the other reason, things did not work out as planned. The effort was renewed some seven years back, amidst skepticism both in the industry and on the street. Today, however, there is a feeling that change has arrived for the sugar industry. Most companies have done capex for ethanol capacity expansion. Is the industry, once the bane of bankers, all set to emerge as a key part of the clean energy ecosystem?