Sugar stocks trade in green; KM Sugar, Ponni Sugar lead the pack

The sugar stocks continue their gains on Friday morning. Around 10:15 am, the top gainers in the sugar stock at NSE are KM Sugar Mills at 49.62 up 10.68%, Ponni Sugar Erode at 505 up 3.25%, Simbhaoli Sugar at 34.8 up 3.23% and Dwarikesh Sugar at 80.8 up 3.02%.

Other sugar stocks trading in green at this point are- KCP Sugar & Inds., Bannari Amman Sug., DCM Shriram Inds, Uttam Sugar Mills, Avadh Sugar, Davangere Sugar, Vishwaraj Sugar, Triveni Engg. Ind., Shree Renuka Sugar, Kothari Sugars, Dalmia Bharat, Sakthi Sugars, EID Parry, Zuari Industries, Bajaj Hindusthan and Ugar Sugar Works.

Sugar stocks trading in negative territory are Rana Sugars, Magadh Sugar, Dhampur Sugar,M.V.K. Agro, Mawana Sugars, Dollex Agrotech, Dhampur Bio, Balrampur Chini and Rajshree Sugars.

In BSE, the top three leading scrips at 10:20 am are- Shree Hanuman Sugar at 9.28 up 17.17%, KM Sugar Mills at 49.45 up 10.06% and Gayatri Sugars at 22.89 up 10%.

Sugar stocks are in the focus amid talks of sugar MSP price revision in the next season and an optimistic outlook on ethanol blending.

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