Early week surge for sugar stocks amid market fluctuations

Sugar stocks kicked off the week on a positive note, with a notable uptrend observed as of 10:19 A.M. on Monday. Leading the pack were companies like Bannari Amman Sugars Ltd. (up 3.40%), Sakthi Sugars Ltd. (up 3.28%), Ponni Sugars (Erode) Ltd. (up 3.04%), Rajshree Sugars & Chemicals Ltd. (up 3.00%), Bajaj Hindusthan Sugar Ltd. (up 2.56%), Simbhaoli Sugars Ltd. (up 2.16%), KM Sugar Mills Ltd. (up 2.06%), Rana Sugars Ltd. (up 1.42%), Balrampur Chini Mills Ltd. (up 1.22%), and Shree Renuka Sugars Ltd. (up 1.19%).

However, a few sugar stocks witnessed a decline during the same period. Notably, Triveni Engineering & Industries Ltd. (down 0.56%), Uttam Sugar Mills Ltd. (down 0.37%), Vishwaraj Sugar Industries Ltd. (down 0.32%), EID Parry (India) Ltd. (down 0.29%), and Kothari Sugars & Chemicals Ltd. (down 0.86%).

The market experienced volatility during the morning session on Monday, with both benchmark equity indices trading in the negative territory. As of 11:45 A.M., the Sensex was recorded at 72502.72 (down 0.19%), while the Nifty stood at 21979.90 (down 0.20%).


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