 "Sugar shares in focus; Upper Ganges, Oudh Sugar up 20%")
Shares of sugar companies moved higher by up to 20% on the BSE in otherwise range bound market.
Upper Ganges Sugar & Industries, Oudh Sugar Mills, Mawana Sugars, Kesar Enterprises, Dwarikesh Sugar Industries, Simbhaoli Sugar, Dalmia Bharat Sugar & Industries, Dhampur Sugar Mills and Balrampur Chini Mills were up between 7% and 20% on the BSE. At 02:31 pm, the S&P BSE Sensex was down 0.22% at 26,169.
According to Business Standard report the Uttar Pradesh government on Friday hiked the state sugarcane price by Rs 25 per quintal or a little over 9% to Rs 305 per quintal for the ongoing 2016-17 crushing season.
The existing UP cane State Advised Price (SAP) of Rs 280 per quintal for common variety, that forms the bulk of cane produced, had not been revised for the last three years, added report. CLICK HERE TO READ FULL REPORT
Upper Ganges Sugar & Industries, Oudh Sugar Mills, Mawana Sugars, Kesar Enterprises, Dwarikesh Sugar Industries, Simbhaoli Sugar, Dalmia Bharat Sugar & Industries, Dhampur Sugar Mills and Balrampur Chini Mills were up between 7% and 20% on the BSE. At 02:31 pm, the S&P BSE Sensex was down 0.22% at 26,169.
According to Business Standard report the Uttar Pradesh government on Friday hiked the state sugarcane price by Rs 25 per quintal or a little over 9% to Rs 305 per quintal for the ongoing 2016-17 crushing season.
The existing UP cane State Advised Price (SAP) of Rs 280 per quintal for common variety, that forms the bulk of cane produced, had not been revised for the last three years, added report. CLICK HERE TO READ FULL REPORT
| COMPANY | LATEST | PREV CLOSE | GAIN(%) |
| UPPER GANG. SUG. | 261.05 | 217.55 | 20.00 |
| OUDH SUGAR MILLS | 96.40 | 80.35 | 19.98 |
| MAWANA SUGARS | 41.50 | 35.95 | 15.44 |
| UTTAM SUG.MILLS | 46.30 | 40.50 | 14.32 |
| DWARIKESH SUGAR | 258.00 | 226.30 | 14.01 |
| RAJSHREE SUGARS | 56.40 | 50.30 | 12.13 |
| TRIVEN.ENGG.IND. | 57.65 | 51.45 | 12.05 |
| DALMIA BHARAT | 109.40 | 97.80 | 11.86 |
| DHAMPUR SUGAR | 114.40 | 103.30 | 10.75 |
| KESAR ENTERPRISE | 34.45 | 31.35 | 9.89 |
| SIMBHAOLI SUGAR | 28.45 | 25.95 | 9.63 |
| RANA SUGARS | 9.29 | 8.48 | 9.55 |
| DCM SHRIRAM INDS | 246.00 | 224.80 | 9.43 |
| PONNI SUG.ERODE | 208.00 | 190.45 | 9.22 |
| RIGA SUGAR | 21.35 | 19.80 | 7.83 |
| SAKTHI SUGARS | 31.20 | 28.95 | 7.77 |
| EMPEE SUGARS | 7.05 | 6.55 | 7.63 |
| BALRAMPUR CHINI | 118.10 | 110.85 | 6.54 |
| PARRYS SUGAR | 38.00 | 36.10 | 5.26 |
| DHARANI SUGARS | 28.55 | 27.15 | 5.16 |