Sugar stocks in demand

Shares of 10 sugar manufacturers rose by 0.11% to 3.80% at 13:38 IST on BSE on reports that the Union Cabinet approved subsidy for cane growers.

Simbhaoli Sugars (up 3.80%), Rana Sugars (up 3.03%), KCP Sugar & Industries Corporation (up 1.65%), Balrampur Chini Mills (up 1.57%), Dwarikesh Sugar Industries (up 1.38%), EID Parry (India) (up 1.11%), DCM Shriram Industries (up 1.03%), Shree Renuka Sugar (up 0.32%), Bajaj Hindusthan Sugar (up 0.21%) and Dhampur Sugar Mills (up 0.11%), edged higher.

Sakthi Sugars (down 0.3%) and Triveni Engineering & Industries (down 1%), edged lower.

The S&P BSE Sensex was up 159.79 points or 0.45% at 35,320.15.

 

According to media reports, the Indian Cabinet gave its nod to give subsidies to sugarcane farmers for the produce they sell to sugar mills.

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