Sugar shares rally; Dalmia Bharat, Triveni, Dwarikesh zoom up to 19%

On World Environment Day (June 5), Prime Minister Narendra Modi announced that the target of 20 per cent ethanol-blended petrol has been advanced by five years to 2025

Shares of sugar companies were on a roll as Dalmia Bharat Sugar and Industries, Avadh Sugar & Energy, Triveni Engineering & Industries, Uttam Sugar Mills and Dwarikesh Sugar Industries rallied between 10 per cent and 19 per cent on the BSE in intra-day trade on Monday on the back of heavy volumes.

Shree Renuka Sugars, Dhampur Sugar Mills and Balarampur Chini Mills were up in the range of 8 per cent to 10 per cent. In comparison, the S&P BSE Sensex was up 0.20 per cent at 52,203 points at 11:22 am.

On World Environment Day (June 5), Prime Minister Narendra Modi