Sugar shares recover from 52-week low; Dwarikesh, Dhampur Sugar up 8%

Triveni Engg & Ind, Dwarikesh Sugar and Dhampur Sugar were up 8%, while Simbhaoli Sugar, Ugar Sugar, Kesar Enterprises, Shree Renuka Sugars and Balrampur Chini up in the range of 4% to 7% on BSE.

Shares of sugar companies were trading higher by up to 8% on BSE in otherwise weak market on talks of hike in import duty.

Triveni Engineering & Industries, Dwarikesh Sugar and Dhampur Sugar were up 8%, while Simbhaoli Sugar, Ugar Sugar Works, Kesar Enterprises, Shree Renuka Sugars and Balrampur Chini Mills up in the range of 4% to 7% on BSE. On comparison, the S&P BSE Sensex was down 0.83% at 34,777 points at 03:21 PM.

The food ministry has proposed doubling of the import duty on sugar to 100 per cent to curb cheaper imports, check falling