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Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise

Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana Sugars, Dhampur Sugar Mills and Shree Renuka Sugar overcome their significant peaks, with volumes exceeding daily 3-month high

sugar, sugar production, sugar output
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Rebound in sugar stocks may see more upside

Avdhut Bagkar Mumbai
Shares of sugar companies will be in spotlight on Thursday, as the resilient momentum can be seen being carried further after locking in upper circuits in the previous session. Sugar stocks may retrace to crucial supports, but the momentum seems to stay elevated, as per the technical charts.

Stocks such as Bajaj Hindusthan Sugar, Mawana Sugars, Rajshree Sugars & Chemicals, Sakthi Sugars and Simbhaoli Sugars locked in upper circuit on Wednesday. Barring E.I.D. Parry (India) and Triveni Engineering & Industries, all other listed sugar players closed over 5 per cent. 

Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana