Sugar stocks trades flat; Ponni Sugars gains 6.5%

The government on Thursday fixed the ex-factory sugar price at Rs29 per kg, aimed at giving a boost to the industry.

Jun 08, 2018 07:06 IST India Infoline News Service

Sugar stocks was trading in the mixed zone after the government on Thursday fixed the ex-factory sugar price at Rs29 per kg, aimed at giving a boost to the industry.

The Cabinet Committee on Economic Affairs (CCEA), in its meeting held on June 6, 2018, approved Rs7,000cr package. This is to improve the problem of liquidity of sugar mills resulting in accumulation of huge cane price arrears of farmers.

Ponni Sugars(Erode) Ltd is currently trading at Rs130 up by Rs8 or 6.56% from its previous closing of Rs122 on the BSE.

Piccadily Agro Industries Ltd is currently trading at Rs9.50 up by Rs0.3 or 3.26% from its previous closing of Rs9.20 on the BSE.

Dalmia Bharat Sugar & Industries Ltd is currently trading at Rs61.40 up by Rs0.6 or 0.99% from its previous closing of Rs60.80 on the BSE.

Sakthi Sugars Ltd is currently trading at Rs15 down by Rs0.5 or 3.23% from its previous closing of Rs15.50 on the BSE.

Mawana Sugars Ltd is currently trading at Rs36.40 down by Rs0.55 or 1.49% from its previous closing of Rs36.95 on the BSE.

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