Sugar stocks sweeten in weak market on hopes of higher export limit

Rajshree Sugars, Ugar Sugar Works, Simbhaoli Sugars, Sakthi Sugars and Bajaj Hindustan have zoomed in the range of 10 per cent to 19 per cent in intra-day trades so far.

Shares of sugar companies were in focus and rallied by up to 19 per cent on heavy volumes in an otherwise range-bound market in Friday’s intra-day trade on hopes of hike in sugar quota.

Rajshree Sugars & Chemicals hit a 52-week high of Rs 55, on rallying 19 per cent in intra-day trade. Ugar Sugar Works, Simbhaoli Sugars, Sakthi Sugars and Bajaj Hindustan were up in the range of 10 per cent to 15 per cent.

Dhampur Sugar Mills, Shree Renuka Sugars, EID Parry (India), Avadh Sugar & Energy, Dalmia Bharat Sugar and Industries, Balrampur Chini Mills and