Sugar shares in demand; Triveni, Dhampur, Balrampur surge up to 11%

Tight global demand-supply situation, favourable government policies and continuous push for higher blending will keep the inventory levels under control and sugar prices firm

Shares of sugar companies were in focus with most of the frontline companies trading higher by up to 11 per cent on the BSE in Wednesday’s intra-day trade on positive outlook.

Triveni Engineering & Industries, Dhampur Sugar Mills, Balrampur Chini Mills, Dwarikesh Sugar Industries, Uttam Sugar Mills, EID Parry and Avadh Sugar & Energy were up between 3 per cent and 11 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.32 per cent at 58,850 at 10:44 am.

Among the individual stocks, Triveni Engineering & Industries surged 11 per cent to Rs 224,