Sugar stocks in focus; Dhampur, Dwarikesh, Oudh Sugar up over 5%

Dhampur Sugar, Parrys Sugar, Dwarikesh Sugar and Oudh Sugar have rallied by up to 11% on the BSE.

Shares of sugar companies were back into action with most of the stocks trading higher in the range of 5% to 12% on BSE in an otherwise weak market.

Dhampur Sugar Mills, Parrys Sugar, Dwarikesh Sugar Industries, Kesar Enterprises, Oudh Sugar Mills, Upper Ganges Sugar, Mawana Sugars, Dalmia Bharat Sugar and Industries and Ugar Sugar Works rallied up to 11% on the BSE in the afternoon trade. In comparison, the S&P BSE Sensex slipped 0.39% to 28,725.

“Sugar production fell by 19% to 16.24 million tonnes during the first five months of the 2016-17 marketing year ending September