 "From the 2018-19 sugarcane season starting October, the Centre not only increased the base recovery rate from 9.5 to 10 per cent, but also raised the premium extra yield in sugar from Rs 2.68 per quintal to Rs 2.75 a quintal")
Shares of sugar companies were in focus in an otherwise range-bound market with EID Parry hitting a 52-week high of Rs 342.60, up 5 per cent, while Triveni Engineering Industries surging 6 per cent on the BSE in the intra-day deals on Thursday.
KCP Sugar & Industries, Uttam Sugar Mills and Avadh Sugar & Energy were up between 8 per cent and 18 per cent, while Dalmia Bharat Sugar and Industries, Dwarikesh Sugar Industries, Dhampur Sugar Mills and Balrampur Chini Mills were in the range of 3 per cent to 6 per cent on the BSE. In comparison, the S&P BSE
