Sugar stocks gain on hopes of improvement in earnings; Dhampur Sugar up 5%

Avadh Sugar, Dhampur Sugar, Magadh Sugar, Thiru Arooran Sugars, Dalmia Bharat Sugar, Mawana Sugars, Uttam Sugar Mills, Dwarikesh Sugar Mills, EID Parry and Balrampur Chini were up 3-9% on the BSE.

Shares of sugar companies were in focus with Balrampur Chini Mills and Dhampur Sugar Mills hitting their respective 52-week highs; gaining up to 7 per cent on hopes of improvement in earnings.

Avadh Sugar, Dhampur Sugar Mills, Magadh Sugar, Thiru Arooran Sugars, DCM Shirram Industries, Dalmia Bharat Sugar and Industries, Mawana Sugars, Uttam Sugar Mills, Dwarikesh Sugar Mills, EID Parry and Balrampur Chini Mills were up between 3 per cent and 9 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.17 per cent at 35,936 points.

In the past one week, most of