Sugar stks in focus; Balrampur, Dhampur, Dalmia, Uttam Sugar rally up to 5%

Sugar industry, analysts say, is well poised to benefit from, both, global and domestic factors

Shares of sugar companies were in focus on Thursday as they rallied up to 7 per cent on the BSE in intra-day trade, exiting their consolidation phase, on the back of a strong earnings outlook.

Balrampur Chini Mills, Dhampur Sugar Mills, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallied more than 5 per cent each on the BSE. Dwarikesh Sugar Industries, Shree Renuka Sugars, Triveni Engineering & Industries and Bajaj Hindusthan Sugar, on the other hand, were up between 2 per cent and 5 per cent. In comparison, the S&P BSE Sensex was