Sugar counters outshine Sensex in one month

14-Nov

12-Dec

13-Dec

% Chg*

% Chg#

Bajaj Hind

205.85

237.40

283.25

19.31

37.60

Dhampure Specialty Sugars

11.25

10.36

11.81

14.00

4.98

Renuka Sugars

281.20

386.35

431.20

11.61

53.34

Dharani Sugars

28.55

31.55

34.70

9.98

21.54

Riga Sugar

39.95

52.35

57.55

9.93

44.06

Upper Ganges Sugar

246.30

246.60

269.39

9.24

9.37

KCP Sugar Ind

391.50

410.55

447.95

9.11

14.42

Dhampur Sugar

157.35

170.70

184.80

8.26

17.45

Balrampur Chini

88.40

97.65

105.25

7.78

19.06

Oudh Sugar Mills

95.30

101.00

108.85

7.77

14.22

JK Sugar

52.15

54.20

58.35

7.66

11.89

Sakthi Sugars

79.65

99.20

106.45

7.31

33.65

*One day #One month

 The BSE sugar index, consisting of leading sugar companies, has been among the big gainers over the last one year. The price rise has been triggered mainly by the changing dynamics of sugar industry.  Over the last two years, sales and profitability of all the sugar players have shown a sharp improvement, thanks to the rising sugar prices driven by a favourable demand-supply scenario.  Renuka Sugars, Riga Sugars and Dharani Sugars were biggest gainers in the last one month. Renuka Sugars jumped 53.34 per cent, to close Rs 431.20 from Rs 281.20 on November 14, Riga Sugars was up by 44.06 per cent, to close at Rs 57.55 and Dharani Sugars closed at Rs 34.70, up 21.54 per cent.  Pratappur Sugars & Industries, gained 47.53 per cent, Bajaj Hindustan 37.60 per cent, Shree Vaani Sugars 32.47 per cent, Sakthi Sugars 33.65 per cent, Dhampur Sugar(Kashipur) 1.36 per cent Bannari Amman Sugars 18.91 per cent. They are the other major gainers among sugar stocks in the last one month.