Sugar stock on a roll; Balrampur, Triveni, Dhampur, Dwarikesh hit new highs

Sugar stocks rallied up to 11 per cent on the BSE in Friday's intra-day trade on strong outlook and foreign institutional investors (FIIs) interest.

Shares of sugar companies were on a roll on Friday with frontline stocks like Balrampur Chini Mills, Triveni Engineering & Industries, Dhampur Sugar Mills, Avadh Sugar & Energy and Dwarikesh Sugar Industries hitting their respective record highs. These shares had rallied up to 11 per cent each in intra-day trade on strong outlook and foreign institutional investors (FIIs) buying. In comparison, the S&P BSE Sensex was flat around 55,457 as of 02:32 pm.

With a favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations; operating margins of sugar companies are expected to improve.

Among individual stocks,