Sweet Monday for sugar stocks; Triveni Engineering leads the surge

Sugar stocks are trading with gains on Monday mirroring a positive start by benchmark indices- Sensex and Nifty in the morning.

At 2:15 pm, the top gainers in sugar scrips are- Triveni Engineering & Industries Limited at 356.8 (+9.8%), Sakthi Sugars at 37.65 (+8.82%), Ugar Sugar Works at 80 (+6.24%) and KCP Sugar and Inds. at 38.85 (+6.15%).

Other sugar stocks that are in the positive zone are- KM Sugar Mills, Kothari Sugars, Ponni Sugar Erode, Bajaj Hindusthan, Davangere Sugar, Dalmia Bharat, Shree Renuka Sugar, Dhampur Bio, Mawana Sugars, Simbhaoli Sugar, Balrampur Chini, Rajshree Sugars, Dhampur Sugar, Avadh Sugar, Rana Sugars, Magadh Sugar, Uttam Sugar Mills, Vishwaraj Sugar, EID Parry, Dwarikesh Sugar and Bannari Amman Sugar.

Amongst the top losers at 2:15 pm are- M.V.K. Agro at 48.8 (-0.20%), Dollex Agrotech at 39.6 (-088%), DCM Shriram at 190 (-1.12%) and Zuari Inds. at 354 (-1.84%).

Sugar prices have increased across major markets in the country. Experts say higher sugar demand catering to festival and summer requirements has contributed to the uptick.

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