Sugar shares in demand; Dhampur, Dwarikesh hit all-time highs

Shares of sugar companies were in demand and rallied up to 18 per cent on the BSE in Tuesday’s intra-day trade on strong outlook. With a favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations; operating margins of sugar companies are expected to improve.

Among the individual stocks, Mawana Sugars zoomed 18 per cent to hit a 52-week high of Rs 140.55, surpassed its previous high of Rs 128.90 touched on February 17, 2022. Dwarikesh Sugar Mills surged 11 per cent to Rs 106.80 and Dhampur Sugar Mills soared 6 per cent to Rs 434.35. In