Sugar Stocks Sweeten On Hopes Of Government Aid

The sugar industry is floating under a glut and striving to export because of low global prices.

As per reports, the government is likely to provide financial support to cane farmers for produce sold to sugar mills.

Shares of ten sugar firms rose by 0.32% to 10.51% at 14:41 IST on BSE on reports that the government is likely to provide financial support to cane farmers for produce sold to sugar mills.

Meanwhile, the S&P BSE Sensex was up 105.83 points, or 0.31% to 33,894.37.
Dwarikesh Sugar Industries (up 10.51%), Triveni Engineering & Industries (up 6.17%), Sakthi Sugars (up 10.89%), Bajaj Hindusthan Sugar (up 6.23%), Balrampur Chini Mills (up 7.51%), Dhampur Sugar Mills (up 3.97%), DCM Shriram Industries (up 0.86%), EID Parry (India) (up 0.95%), Simbhaoli Sugars (up 0.72%) and Shree Renuka Sugar (up 0.32%) edged higher.

The S&P BSE Sensex was up 139.60 points, or 0.41% at 33,928.14.

Image courtesy of Investing News Network

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