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Sugar stocks gain as ISMA lowers production estimate for 2018-19 season

Dhampur Sugar, Balrampur Chini, Dalmia Bharat Sugar, Uttam Sugar, Triveni Engineering & Industries, Dwarikesh Sugar and Thiru Arooran were up 3% to 10% on the BSE.

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SI Reporter Mumbai
Shares of sugar companies were trading higher by up to 10% on the BSE in early morning trade after Indian Sugar Mills Association (ISMA) lowered its nation-wide sugar production estimate for the current sugar season (SS) 2018-19.

Among the individual sugar stocks, Dhampur Sugar Mills is locked in upper circuit of 10% at Rs 171 on the BSE, with only buyers seen on the counter. A combined 652,211 equity shares have changed hands till 09:32 am and there were pending buy orders for 411,518 shares on the BSE and NSE.

Balrampur Chini Mills, Dalmia Bharat Sugar and Industries, Uttam