Sugar stocks surge

India Infoline News Service | Mumbai | September 05, 2017 14:46 IST

Sugar stocks surged during Tuesday’s trading session on the back of reports that government is likely to allow the import of 3 lakh tonnes raw sugar at 25-30% duty.

Sugar stocks surged during Tuesday’s trading session on the back of reports that government is likely to allow the import of 3 lakh tonnes raw sugar at 25-30% duty.

The shares of Uttam Sugar Mills were trading up by 3.65% at Rs 208 per share. It opened at Rs 197 per share. The stock hit its 52-week high at Rs 209.30 per share. It attracted a total traded volume of 42,744 shares and traded value of Rs 87.54 lakh on NSE at 1422 hours.

The shares of Sakthi Sugars soared by nearly 4% at Rs 27.90 per share on BSE at 1424 hours. It opened at Rs 27 per share. The stock witnessed a spurt in volume by more than 2.55 times. It attracted a total traded volume of 2,55,638 shares and traded value of Rs 71,12 lakh on NSE at the same time.

Dhampur Sugar was trading up by 0.91% at Rs 265 per share on BSE at 1427 hours. It attracted a total traded volume of 3,88,874 shares and traded value of Rs 1,021.41 lakh on NSE at the same time.

The shares of KCP Sugar and Industries Corporation surged by over 1% at Rs 32 per share on BSE at 1426 hours. The stock has attracted a total traded volume of 2,19,362 shares and traded value of Rs 70.17 lakh on NSE at the same time.  

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