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Sugar stocks rally; Balrampur Chini, Triveni Engineering hit 52-week highs

Shree Renuka Sugars, Uttam Sugar Mills, Dalmia Bharat Sugar, Ugar Sugar Works, Dhampur Sugar Mills, Magadh Sugar & Energy, and Dwarikesh Sugar were up in the range of 6-12 per cent.

Sugar, sugarcane

Shares of sugar companies rallied up to 12 per cent on the BSE in early morning deal on the back of heavy volumes on hopes that sweetener output may fall in 2019-20 due to low rains. Triveni Engineering & Industries and Balrampur Chini Mills were up 7 per cent each, hitting their respective 52-week highs in intra-day trade today. Shree Renuka Sugars, Uttam Sugar Mills, Thiru Arooran Sugars, Dalmia Bharat Sugar and Industries, Ugar Sugar Works, Dhampur Sugar Mills, Magadh Sugar & Energy and Dwarikesh Sugar Industries were up in the range of 6 per cent to 12 per cent on the BSE. ...