Sugar stocks in demand on partial decontrol report

Balarmpur Chini Mills, Shree Renuka Sugars and Bajaj Hindustan are up 3-5% on BSE.

Shares of sugar manufacturer are in demand on the bourses on reports that the government may consider easing curbs on sugar sector on expectation of higher production.

“India, the world' biggest sugar consumer, could consider easing curbs on the tightly controlled industry by next week,” the Reuters reports suggest quoting Food Minister K.V. Thomas.

 

The minister said sugar production could touch 25 million tonnes in next financial year 2013-14, higher than local demand of around 22 million tones.

 

Among the individual stocks, Balarmpur Chini Mills has rallied 5.4% to Rs 48.90, followed by Shree Renuka Sugars (4.4% at Rs 24.95) and Bajaj Hindustan (3.2% at Rs 20.95) on BSE at 1230 hours.