Business Standard

Sugar shares rally on release of decontrol report

Shree Renuka Sugars, Balrampur Chini Mills, Bajaj Hindustan and EID Parry (India) are up by 1-6% on the BSE.

Related News

Shares of companies are trading higher by up to 6% after the Rangarajan Committee release the report on sugar decontrol.

Shree Renuka Sugars, Balrampur Chini Mills, Bajaj Hindustan, EID Parry (India), Oudh Sugar Mills and Dhampur Sugar Mills are trading higher by 1-6% on the Bombay Stock Exchange.

The committee recommends farmers should be paid Fair and Remunerative price (FRP) as minimum cane price. The report says that the government should buy sugar from market for sale to poor and scrap minimum distance rule for mills in long-term.

The committee also recommends abolishing control of 5-10% duty on exports and imports and scrap of state controls on sale of sugar.

Read more on:   
|
|

Read More

Mallya cashes in on UB Holding share rally

Even in bad times, Vijay Mallya has managed to make a neat cash pile for himself by selling a part of his in United Breweries Holding Ltd (UBHL), ...

Quick Links

 

Market News

Debt mutual funds see outflow of Rs 67,000 cr in Sept

In comparison, equity mutual fund schemes attracted a net amount of Rs 7,789 crore during the month

FMC takes fresh measures to boost liquidity in commodity market

It has also directed bourses to disclose open position limits of top 10 trading clients including hedgers on their website

Comexes look forward to better times

NCDEX has seen volumes surge 15%

Oil resumes slide in Asian trade

Investors wait for more signs of economic growth in Europe

Markets closed on account of Diwali Balipratipada

Indian equity, forex, money and commodity markets are shut today on account of Diwali Balipratipada.

Back to Top