Sugar stocks rally after weak Wednesday

After a weak trading day on Wednesday, sugar stocks bounced back on Thursday. Most of the sugar shares closed in green, buoyed by positive closing by Sensex and Nifty.

The top gainer in Thursday’s trade was Kothari Sugars which gained almost 5 points to close the day at 53.9. This was followed by Rana Sugars, which ended at 21.85 after gaining 1.9 points. Other noticeable gainers in the sugar pack were Zuari Industries, Simbhaoli Sugar, Bajaj Hindusthan, Sakthi Sugars, DCM Shriram Inds, Ponni Sugar Erode, Ugar Sugar Works, KCP Sugar & Inds., Rajshree Sugars, Vishwaraj Sugar, Shree Renuka Sugar, Bannari Amman Sugar, Dhampur Bio, Dalmia Bharat, KM Sugar Mills, Dhampur Sugar, Balrampur Chini, Dwarikesh Sugar, Avadh Sugar, Triven.Engg.Ind., Mawana Sugars and EID Parry.

Sugar stocks were trading higher on Thursday at 10:39 AM. Kothari Sugars & Chemicals Ltd.(up 7.38%), Rana Sugars Ltd.(up 6.27%), DCM Shriram Industries Ltd.(up 5.13%), Bajaj Hindusthan Sugar Ltd.(up 5.03%), Sakthi Sugars Ltd.(up 4.91%), Vishwaraj Sugar Industries Ltd.(up 4.66%), Ugar Sugar Works Ltd.(up 4.50%), Triveni Engineering & Industries Ltd.(up 4.20%), KCP Sugar & Industries Corporation Ltd.(up 4.17%) and Ponni Sugars(Erode)Ltd.(up 4.13%) were among the top gainers.

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