Sugar stocks sweeten

India Infoline News Service | Mumbai | July 07, 2017 12:28 IST

India’s sugar production is estimated to go up 25-30% in the sugar year 2017-18 (sugar year begins on October 1), with higher sowing of sugarcane and an 11% increase in the government’s recommended minimum price to growers.

India’s sugar production is estimated to go up 25-30% in the sugar year 2017-18 (sugar year begins on October 1), with higher sowing of sugarcane and an 11% increase in the government’s recommended minimum price to growers.
 
With good monsoon coverage and positive sentiments in the market, all the sugar stocks have been trading in the positive territory during Friday’s trading session. Renuka Sugar tops the list trading higher by 20% at Rs 15.66 per share. Bajaj Hindusthan Sugar was trading at Rs 16.31 per share up by 8.95%.
 
Other sugar stocks like Simbhaoli Sugars, Ugar Sugar, Thiru Arooran Sugars, Rana Sugars, Sakthi Sugars, Dharani Sugars were trading up by more than 7%. Meanwhile, Nifty has rebounded from day’s low to trade at 9,662 level down by 11 points and Sensex was trading at 31,330 level down by 39 points.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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