Sugar shares rally up to 13% on positive outlook; Balrampur hits 52-wk high

Shares of sugar companies were on a roll with most of the stocks trading higher on the bourses up to 13 per cent higher on positive outlook.

Magadh Sugar & Energy, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallied in the range of 10 per cent to 13 per cent on the BSE in Thursday’s intra-day trade.

Dhampur Sugar Mills, Simbhaoli Sugars, Ponni Sugars (Erode), Shree Renuka Sugars, Dwarikesh Sugar Industries, Triveni Engineering & Industries and Ugar Sugar were up between 2 per cent and 5 per cent. In comparison, the S&P