Sugar stocks in focus; Uttam Sugar, Dwarikesh, Dhampur Sugar surge over 10%

Thiru Arooran Sugars, KCP Sugar & Industries and Bajaj Hindustan Sugar were up more than 10% as compared to 0.21% decline in the S&P BSE Sensex at 11:13 am.

Shares of sugar companies have rallied by up to 19% on the BSE on back of heavy volumes in an otherwise weak market. Uttam Sugar Mills, Dhampur Sugar Mills, Dwarikesh Sugar Industries, Thiru Arooran Sugars, KCP Sugar & Industries and Bajaj Hindustan Sugar were up in the range of 10% to 19% on the BSE. At 11:13 am; the S&P BSE Sensex was trading 0.21% lower at 34,404 points.

In past one month most of the sugar companies have outperformed the market by surging up to 70% against 10% decline in the benchmark index.

The Cabinet Committee on Economic