Sugar shares in focus; Dwarikesh, Balrampur, Dhampur, Dalmia gain up to 5%

India has a cushion to export an additional 1 million tonnes of the sweetener if the domestic output reaches an estimated 33.6 million tonnes this year

Shares of sugar companies were in focus on Wednesday, with most of the frontline stocks trading up to 5 per cent higher on the BSE, in the intra-day trade. This came amid expectations of additional 1 million tonnes sugar exports, if the output meets estimate.

Balrampur Chini Mills, Uttam Sugar Mills, Dwarikesh Sugar Industries, Dhampur Sugar, Avadh Sugar & Energy, Magadh Sugar & Energy, Dalmia Bharat Sugar, and Vishwaraj Sugar Industries gained in the range of 4 per cent to 5 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.04 per cent at 60,197