Stock of this sugar company has zoomed 100% in less than 3 months

Shares of Ponni Sugars (Erode) rallied 11 per cent to hit an all-time high of Rs 479.15 in Thursday’s intra-day trade, in an otherwise weak market. In less than three months, the stock of sweetener has appreciated 100 per cent from Rs 240.10, which it had touched on September 28. Ealier, it surpassed its previous high of Rs 455 apiece, which it had touched on December 19, 2022.

At 11:47 AM; Ponni Sugars (Erode) traded 7.5 per cent higher at Rs 462.65, as against 0.45 per cent decline in the S&P BSE Sensex. The average trading volumes on the