 "Conditions for sugar mills to avail subsidy eased")
Shares of sugar companies continued their upward journey, gaining by up to nearly 50% in past two weeks.
Oudh Sugar Mills, Dhampur Speciality Sugars, Thiru Arooran Sugars, Upper Ganges Sugars, Ugar Sugar Works and Mawana Sugars were up between 5% and 7% on the BSE as compared to 0.11% decline in the S&P BSE Sensex.
Dhampur Sugar Mills, Dwarikesh Sugar Industries, Indian Sucrose and KM Sugar Mills were hit their respective 52-week highs in intra-day trade on Monday.
Since December 21, sugar prices have increased by 3% from Rs 37.51 to Rs 38.69 per kg in the
Oudh Sugar Mills, Dhampur Speciality Sugars, Thiru Arooran Sugars, Upper Ganges Sugars, Ugar Sugar Works and Mawana Sugars were up between 5% and 7% on the BSE as compared to 0.11% decline in the S&P BSE Sensex.
Dhampur Sugar Mills, Dwarikesh Sugar Industries, Indian Sucrose and KM Sugar Mills were hit their respective 52-week highs in intra-day trade on Monday.
Since December 21, sugar prices have increased by 3% from Rs 37.51 to Rs 38.69 per kg in the
