Sugar stocks gain in weak market; Balrampur Chini, Dhampur Sugar up over 8%

Balrampur Chini, Dalmia Bharat Sugar, Dhampur Sugar, Uttam Sugar, Dwarikesh Sugar and Thiru Arooran were up in the range of 5% to 13% on the BSE, as compared to 0.45% decline in Sensex at 01:24 PM.

Shares of sugar companies were trading higher by up to 13% on the BSE in an otherwise weak market on hopes of posting better than expected operating numbers in coming quarters on the back of firming sugar prices, gains arising from sugar inventory revaluation, higher profitability from their distillery and co-gen segment.

Balrampur Chini Mills, Dalmia Bharat Sugar and Industries, Dhampur Sugar Mills, Uttam Sugar Mills, Triveni Engineering & Industries, Dwarikesh Sugar and Thiru Arooran Sugars were up in the range of 5% to 13% on the BSE. In comparison, the S&P BSE Sensex was down 0.45% at 33,999