Sugar stocks extend gain; Dhampur, Mawana Sugars hit 52-week highs

Thiru Arooran, Dhampur Sugars, Uttam Sugar and Oudh Sugar Mills were up more than 3% each.

Shares of sugar companies continue trading higher for the second straight day, gaining by up to 18% on BSE.

Thiru Arooran Sugars, Dhampur Sugars, Uttam Sugar Mills, DCM Shriram Industries, Oudh Sugar Mills, Dwarikesh Sugar and Rajshree Sugars were trading higher in the range of 3% to 8% on the BSE. At 10:19 am, the S&P BSE Sensex was up 0.64% at 29,016 points.

Dhampur Sugar Mills (7% at Rs 222) and Mawana Sugars (5% at Rs 84.50) have hit their respective 52-week highs on the BSE in intra-day trade.

Indian Sugar Mills Association (ISMA) in its