 "Sugar stocks dip on profit booking")
Shares of sugar companies have fallen up to 10% on the bourses in an otherwise firm market on account of profit booking.
Rajshree Sugars & Chemicals (10% at Rs 33.80), Oudh Sugar Mills (9.5% at Rs 37.80), Uttam Sugar Mills (9.5% at Rs 30.50), Balrampur Chini Mills (9% at Rs 74.90), Sakthi Sugars (9% at Rs 30.25), KCP Sugar (8% at Rs 25.95), Shree Renuka Sugars (8% at Rs 16.05) and Mawana Sugars (5% at Rs 23.08) are down between 5-10% on the Bombay Stock Exchange (BSE).
At 11:26 AM, the S&P BSE Sensex was up 1% or 263 points at 25,746.
Most of the sugar stocks rallied in the range of 30-100% in past one month as compared to a 7% decline in the benchmark index.
Mawana Sugars zoomed nearly 100% from Rs 12.42 to Rs 24.29 on the BSE in one month. Uttam Sugar Mills, Dwarikesh Sugar, Shree Renuka Sugar, Simbhaoli Sugars, Oudh Sugar Mills and Rajshree Sugars surged between 45-80%.
Rajshree Sugars & Chemicals (10% at Rs 33.80), Oudh Sugar Mills (9.5% at Rs 37.80), Uttam Sugar Mills (9.5% at Rs 30.50), Balrampur Chini Mills (9% at Rs 74.90), Sakthi Sugars (9% at Rs 30.25), KCP Sugar (8% at Rs 25.95), Shree Renuka Sugars (8% at Rs 16.05) and Mawana Sugars (5% at Rs 23.08) are down between 5-10% on the Bombay Stock Exchange (BSE).
At 11:26 AM, the S&P BSE Sensex was up 1% or 263 points at 25,746.
Most of the sugar stocks rallied in the range of 30-100% in past one month as compared to a 7% decline in the benchmark index.
Mawana Sugars zoomed nearly 100% from Rs 12.42 to Rs 24.29 on the BSE in one month. Uttam Sugar Mills, Dwarikesh Sugar, Shree Renuka Sugar, Simbhaoli Sugars, Oudh Sugar Mills and Rajshree Sugars surged between 45-80%.
