Market Now: Sugar Stocks Sag; Simbhaoli Sugars Among Top Losers

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NEW DELHI: Most of the sugar stocks extended their fall on Wednesday in the backdrop of oversupply and limited offtake.

Sugar stocks Dharani Sugars & Chemicals (down 9.65 per cent), Simbhaoli SugarsBSE 4.97 % (down 8.70 per cent), Dalmia Bharat SugarBSE -8.98 % & Industries (down 6.99 per cent), Dwarikesh Sugar Industries (down 6.50 per cent), Triveni Engineering & Industries (down 6.36 per cent), Dhampur Sugar MillsBSE -6.19 % (down 5.94 per cent), Rajshree Sugars & Chemicals (down 5.91 per cent), Sakthi Sugars (down 5.88 per cent), Uttam Sugar MillsBSE -8.72 % (down 5.84 per cent) and Ponni Sugars (Erode) (down 5.81 per cent) declined over 5 per cent during Wednesday’s trade.

The sugar industry has asked the government to allow export of 15 lakh tonnes of the commodity to manage surplus production, ET reported.

SOURCEThe Economic Times

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