Sugar stocks shine; Balrampur Chini up ~2%

The cabinet may discuss extending Rs15,000cr soft loans and may also consider offering Rs3,355cr interest subsidy on loan to sugar mills, the report said.

Mar 06, 2019 08:03 IST India Infoline News Service

Balrampur Chini Mills
Sugar stocks gained in Wednesday’s session after a media report stated that the cabinet in its meeting may consider more soft loans and interest subsidy to mills.

The cabinet may discuss extending Rs15,000cr soft loans and may also consider offering Rs3,355cr interest subsidy on loan to sugar mills, the report added.

Reacting to this news, shares of Bannari Amman jumped 4% on the BSE. Followed by Bajaj Hindusthan Sugar, Shree Renuka Sugars, Balrampur Chini Mills, and Dhampur Sugar Mills Ltd, which were up 2% each.

Meanwhile, equity benchmark indices were trading in the green on Wednesday with the Sensex rose 149 points at 36,591. Nifty also gained 47 points at 11,035.

Related Story