Sugar stocks surge as benchmark indices rise

On Thursday, the benchmark indices showed a positive trend. By 12:30 pm, the Nifty was observed trading at 21,972.95, marking an increase of 0.61%, while the 30-share BSE Sensex stood at 72,529.56, up by 0.59%.

In particular, sugar stocks experienced notable gains during the session. At 12:30 pm, several key players in the sugar sector were trading higher. KCP Sugar & Industries Corporation Ltd. witnessed a rise of 2.92%, followed by Ponni Sugars (Erode) Ltd. with an increase of 2.25%. Simbhaoli Sugars Ltd. also surged by 2.17%, along with Bajaj Hindusthan Sugar Ltd. recording a gain of 2.60%.

Other sugar shares that painted a green picture included Rajshree Sugars & Chemicals Ltd., KM Sugar Mills Ltd., Vishwaraj Sugar Industries Ltd., Magadh Sugar & Energy Ltd., Shree Renuka Sugars Ltd., and Bannari Amman Sugars Ltd. The upward momentum in sugar stocks reflects overall positive market sentiment.

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