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

Delisting norms defective, needed changes: U K Sinha

Sebi has recently allowed delisting if buyers hold more than 90% of total share capital and if min 25% of public shareholders tender their

Markets end week on a robust note; Sensex tops 28,300

For the week, the Sensex surged 1% to 28,334.63 and Nifty rallied 1% to 8,477.35

Sebi looking into share price spike ahead of Kotak-ING deal

Inquiry preliminary, based on system-generated alert

Investor awareness drives must focus on quality: Sebi chief

U K Sinha says 'just completing' numbers not good enough to address needs of investors

Gold edges up on improved demand amid overseas support

Standard gold adds Rs 30 to end at Rs 26,405 per 10 grams, silver adds Rs 200 to Rs 37,160 per kg

Back to Top