 "Sugar shares rally; Dalmia Sugar, Dwarikesh Sugar up 20%")
Shares of sugar companies are back in action with frontline stocks in the sector trading higher by up to 20% on the BSE in an otherwise subdued market.
Dalmia Bharat Sugar and Industries (up 20% at Rs 131), Dwarikesh Sugar Industries (20% at Rs 262), DCM Shriram Industries (17% at Rs 169), Dhampur Sugar Mills (17% at Rs 118), Bannari Aman Sugars (15% at Rs 2,175), Bajaj Hindustan (12% at Rs 22), Shree Renuka Sugars (12% at Rs 17) and Upper Ganges Sugars & Industries (10% at Rs 363) are up more than 10% each.
At 03:11 PM, the S&P BSE Sensex was down 0.04% at 26,386.
Most of the sugar stocks had corrected between 10%-30% in past one-week till yesterday after the government imposed a 20% duty on the raw, white variety's export.
Dalmia Bharat Sugar and Industries (up 20% at Rs 131), Dwarikesh Sugar Industries (20% at Rs 262), DCM Shriram Industries (17% at Rs 169), Dhampur Sugar Mills (17% at Rs 118), Bannari Aman Sugars (15% at Rs 2,175), Bajaj Hindustan (12% at Rs 22), Shree Renuka Sugars (12% at Rs 17) and Upper Ganges Sugars & Industries (10% at Rs 363) are up more than 10% each.
At 03:11 PM, the S&P BSE Sensex was down 0.04% at 26,386.
Most of the sugar stocks had corrected between 10%-30% in past one-week till yesterday after the government imposed a 20% duty on the raw, white variety's export.