Similarly, Simbhaoli Sugars, 17.81 per cent, Shree Renuka Sugars, 11.30 per cent, Ugar Sugar, 5.49 per cent, Dwarikesh Sugar Industries, 5.91 per cent saw northward movement on BSE.
Meanwhile the 30 share index, Sensex zoomed 305 points or 0.81 per cent ending at 37,717.96.
The Cabinet Committee on Economic Affairs raised the procurement price of ethanol derived from 100 per cent sugarcane juice to Rs 59.13 per litre from the current rate of Rs 47.13. The move would help sugar mills quickly release arrears of cane farmers, which stands at over Rs 13,000 crore.
According to market experts, gain in the counter of sugar prices is mainly due to the government approval of hike in the prices of ethanol.
Such increase may result into more sugar production as more mills may start producing ethanol, they added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)