Sugar stocks in a sweet spot; Dwarikesh, Shree Renuka surge over 12%

Shares of sugar companies continued to advance and rallied up to 17 per cent on the BSE on Wednesday on expectations of earnings improvement as lower cane crushing, and, subsequent decline in sugar production.

Dwarikesh Sugar Industries, Shree Renuka Sugars, Magadh Sugar & Energy, Rajshree Sugars & Chemicals and Dalmia Bharat Sugar and Industries rallied in the range of 10 per cent to 17 per cent.

Avadh Sugar & Energy, Uttam Sugar Mills, Dhampur Sugar Mills and EID Parry were up in the range of 5 per cent to 8 per cent on the BSE. In comparison, the