Shares of sugar companies, including Balrampur Chini Mills, Dhampur Sugar, Dalmia Bharat Sugar, Shree Renuka Sugars and EID Parry, rallied up to 11% as sugar prices climbed sharply amid tight inventories and supply concerns. Prices have risen from around Rs 41-42 per kg in the quarter to above Rs 50 per kg.
In today’s session, Balrampur Chini Mills gained over 3% to Rs 752 on the BSE, while Dhampur Sugar Mills gained 8% to Rs 200 per share. Uttam Sugar gained 11% to Rs 359 per share. Triveni Engineering shares rose 4% to Rs 306, while Eid Parry gained over 4% to Rs 831.
