It’s a mixed trade for sugar stocks on Thursday morning. At 10:30 am, the top gainers were Dollex Agrotech at 44.9 (+5.15%), Bajaj Hindusthan at 36.5 (+1.67%), Bannari Amman Sugar at 2700 (+1.31%) and Ponni Sugar Erode at 446.95 (+0.97).
Other stocks showing an uptrend are Davangere Sugar, Magadh Sugar, EID Parry, Vishwaraj Sugar, DCM Shriram Inds., KCP Sugar & Inds., Rajshree Sugars, Ugar Sugar Works and Kothari Sugars.
The top losers at 10:30 am are- Mawana Sugars at 97.3 (- 0.05%), KM Sugar Mills at 40.95 (- 0.12%), Balrampur Chini at 395 (- 0.14) and Rana Sugars at 22.75 (- 0.22%).
Other sugar stocks trading in the red are- Shree Renuka Sugars, Dhampur Bio, Uttam Sugar Mills, Triveni Engg. Ind., M.V.K. Agro, Simbhaoli Sugar, Avadh Sugar, Sakthi Sugars, Dwarikesh Sugar, Dhampur Sugar, Dalmia Bharat and Zuari Industries.
Hemant Shah, Co-founder and Deputy CEO of AgriMandiLive.Research and Founder of Ebuy Sugar said “Sugar stocks saw a rally at the beginning of the week. There could be profit booking in these shares. The Government’s decision to allow ethanol production from B Heavy Molasses and reports of likely revision in sugar MSP lead could have boosted the sugar stocks. The positive outlook on Monsoon is good news. I am cautiously bullish on sugar”.
