Sugar companies' shares rise; Bajaj Hindusthan surges

Reuters Market Eye - Shares in sugar companies were trading higher after a spike in sugar prices which is likely to boost manufacturers' margins, traders say.

Local sugar prices are hovering near their highest level in 15 months as demand from bulk consumers like cold drink and ice-cream makers improves due to the summer season. Sugar price has risen 14 percent in just five weeks traders say.

Shares in Bajaj Hindusthan were up 7.8 percent, Balrampur Chini Mills rose 4.8 percent and Shree Renuka Sugars gained 5.2 percent.

(Reporting by Indulal PM)