Sugar stocks in demand on decontrol hopes

Bajaj Hindustan, Shree Renuka Sugars, Balrampur Chini Mills and Dhampur Sugar Mills are trading higher by up to 4% on BSE.

Shares of sugar manufacturer are trading higher by up to 4% in morning trades on hopes that the government may soon remove some curbs on the tightly control sector.

The most-active sugar for May delivery on the National Commodity and Derivatives Exchange (NCDEX) was up 0.64% at Rs 2,998  per 100 kg at 2329 hours.

Bajaj Hindustan has rallied 4% to Rs 20.35 on the Bombay Stock Exchange. Shree Renuka Sugars, Balrampur Chini Mills and Dhampur Sugar Mills are trading higher by 3% each. The benchmark index Sensex is trading at flat at 0928 hours.