The shares of sugar companies rallied on the bourses after an empowered group of ministers (EGoM) gave a nod for 5 lakh tonne of sweetener exports. With this approval, the government has allowed one million tonne of sugar exports since April.
The EGoM on food headed by finance minister Pranab Mukherjee also allocated an extra 5 million tonne of food grains to families above the poverty line (APL), newspaper reports suggest.
Among individual stocks, Balarampur Chini, Bajaj Hindustan, Shree Renkua Sugars and EID Parry are trading higher in the range of 2-3% on the Bombay Stock Exchange (BSE).
