Sugar shares hit 52-week lows; Balrampur Chini down 10%

Balrampur Chini, Dwarikesh Sugar, Bannari Amman Sugars, Bajaj Hindustan, Mawana Sugars and Thiru Arooran Sugars are among 12 sugar stocks that hit their respective 52-week lows on the BSE

Shares of most sugar companies were trading at their respective 52-week lows on concerns of renewed pressure on the sweetener prices, if the final production would be higher than the current estimates.

Balrampur Chini Mills, Dwarikesh Sugar Mills, Bannari Amman Sugars, Bajaj Hindustan, Mawana Sugars and Thiru Arooran Sugars are among 12 sugar stocks that hit their respective 52-week lows on the BSE in intra-day trade on Monday. The S&P BSE Sensex was trading 1% lower at 33,693 points at 01:07 pm.

According to Reuters report, a survey of global and local dealers  showed that India's sugar production