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Sugar stocks in demand; Balrampur, Dalmia Bharat, Triveni gain up to 10%

ICICI Securities believe domestic as well as global sugar prices would remain firm at least for next one year

sugar mill, mills, industry, farm produce, FCI, sugar
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SI Reporter Mumbai
Shares of sugar companies were in focus with most the frontline stocks trading higher by up to 10 per cent on the BSE in Thursday’s intra-day trade on expectation of the domestic as well as global sugar prices to remain firm at least for next one year, due to lower inventories.

Balrampur Chini Mills, Dalmia Bharat Sugar and Industries, Triveni Engineering, EID Parry, Shree Renuka Sugars, Uttam Sugar Mills, Avadh Sugar, Dhampur Sugar and Dwarikesh Sugar were up in the range of 2 per cent to 10 per cent on the BSE. In comparison, the S&P BSE Sensex was