Shares of sugar companies continued their northward journey at the bourses on Tuesday, with Bajaj Hindusthan rallying 10 per cent while Dhampur Sugar Mills and Dalmia Bharat Sugar rose 8 per cent, each.
Among other individual stocks, Dwarikesh Sugar Industries, Avadh Sugar & Energy, Uttam Sugar Mills, Triveni Engineering & Industries, EID Parry, Shree Renuka Sugars, and Balrampur Chini Mills were up in the range of 2-5 per cent. In comparison, the S&P BSE Sensex traded 0.9 per cent lower at 49,057, at 1:52 PM.
Most brokerages have a positive stance on India’s sugar industry as it appears well poised to benefit