Ugar Sugars soars 12% on heavy volumes; stock spikes 165% in a year

Shares of Ugar Sugar Works surged 12 per cent to Rs 79 per share in Thursday’s intra-day trade, on the back of heavy volumes after the company received consent for operation of 645 kilo litres per day (KLPD) distillery.

The stock of sweetener hit a six month high and quoted at its highest level since April 2022. Earlier, it had hit a 52-week high of Rs 86.50 on March 25. In the past seven days, the stock rallied 32 per cent.

At 12:38 PM; it traded 7 per cent higher, as compared to 0.81 per cent decline in