Sugar stocks soar up as exit polls signal BJP-led NDA’s victory

Ahead of the 2024 Lok Sabha election results, exit polls predicting an NDA government have led to a spectacular opening in the domestic stock market on Monday. Additionally, sugar stocks also surged today.

As of the time of writing this report, Indian Sucrose Limited is up by 11.92%, Bajaj Hindusthan Sugar Limited by 5.69%, Simbhaoli Sugars Limited by 1.60%, Kothari Sugars and Chemicals Limited by 3.80%, Rajshree Sugars and Chemicals Limited by 2.01%, Balrampur Chini Mills Limited by 2.56%, Avadh Sugar and Energy Limited by 2.48%, DCM Shriram Industries Limited by 1.25%, Shree Renuka Sugars Limited by 2.00%, Magadh Sugar and Energy Limited by 2.12%, Dalmia Bharat Sugar and Industries Limited by 1.68%, Mawana Sugars Limited by 0.50%, and Dhampur Sugar Mills Limited by 0.25%.

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