Sugar shares rise on heavy volume; Balrampur Chini hits over 2-year high

Dalmia Bharat Sugar, Avadh Sugar & Energy, Triveni Engineering & Industries, Dwarikesh Sugar Industries and Dhampur Sugar Mills were up in the range of 3 per cent to 7 per cent on the BSE.

Shares of sugar companies were in demand on the BSE, and rallied by up to 7 per cent in intra-day trade today on the back of heavy volumes.

Balrampur Chini Mills, Dalmia Bharat Sugar and Industries, Avadh Sugar & Energy, Triveni Engineering & Industries, Dwarikesh Sugar Industries and Dhampur Sugar Mills advanced in the range of 3 to 7 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.40 per cent at 41,517-mark at 02:33 pm.

Acording to industry body ISMA, India's sugar production dropped 35 per cent to 4.58 million tonne till December 15 of the ongoing