SBEC Sugar stock gains over 8% after receiving license to set-up distillery

7 Apr 2022 , 10:23 AM

SBEC Sugar Ltd stocks rally in the market on Thursday as the company announced that it has received the license to set-up Distillery unit at vill-Loyan Malakpur, Teh- Baraut, Dist. – Baghpat, Uttar Pradesh.

At around 10:26 AM, SBEC Sugar was trading at Rs33.40 apiece up by Rs2.55 or 8.27% from its previous closing of Rs30.85 apiece on the BSE.

The scrip opened at Rs33.20 and has touched a high and low of Rs33.90 and Rs31.15 respectively during early trading hours on Thursday.