Shares of twelve sugar companies were up by 0.21% to 18.57% on strong buying demand.
KCP Sugar and Industries Corporation (up 18.57%), E.I.D. Parry (India) (up 12.99%), Balrampur Chini Mills (up 10%), DCM Shriram Industries (up 8.8%), Shree Renuka Sugars (up 7.09%), Sakthi Sugars (up 6.62%), Dwarikesh Sugar (up 5%), Dhampur Sugar (up 4.99%), Triveni Engineering & Industries (up 4.97%), Rana Sugars (up 4.9%), Simbhaoli Sugar (up 2.82%) and Bajaj Hindusthan Sugar (up 0.21%) advanced.
Meanwhile, the S&P BSE Sensex index dropped 2.78% to 28,985.97.
The media reported that sugar mills have ramped up production of hand sanitisers to cater its rising demand following the coronavirus outbreak. This could boost revenue of sugar companies.
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