Sugar stocks rally after CCEA approves interest-free loan

Sakhti Sugars, Bajaj Hindustan, Balrampur Chini Mills, Shree Renuka Sugar, Dhampur Sugar Mills trading higher up to 20%

Shares of sugar companies are trading higher after the Cabinet Committee on Economic Affairs (CCEA) approved to provide an interest-free loan worth Rs 6,000 crore to the sugar companies. CLICK FOR FULL REPORT

Some of the notable sugar companies include Sakhti Sugars, Bajaj Hindustan, Balrampur Chini Mills, Shree Renuka Sugars, Upper Ganges Sugar and Industries, Dhampur Sugar Mills and Oudh Sugar Mills trading higher  between 6-20% on the BSE. 

Individually, Sakthi Sugars has rallied 18.43% to Rs 16, followed by Shree Renuka Sugars (12.15% at Rs 11.35), Oudh Sugar Mills (12.30% at Rs 17.80), Bajaj Hindustan (10.81% at Rs 14.66), Balrampur Chini Mills (8.55% at Rs 44.45) and Dhampur Sugar Mills (6.67% at Rs 32).

Meanwhile, Sakthi Sugars advanced on renewed buying after the company stated that its Modakurichi sugar unit has started its cane crushing operation for special season 2014-15 on June 4, 2015.