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The Economic Times
The Economic Times
Veer Sharma

Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers

Dhampur Sugar Balrampur Chini Mills EID Parry Triveni Engineering Brazil

Shares of sugar companies, including Balrampur Chini Mills, Dhampur Sugar, Dalmia Bharat, Shree Renuka, and EID Parry, rallied up to 4% as sugar prices have surged over the past month. According to Central government data, retail sugar prices rose from Rs 48.18 per kg on July 20 to Rs 55.70 per kg on August 20. Retail sugar prices are currently quoted at around Rs 70 per kg.

In today’s session, Balrampur Chini Mills gained over 2% to Rs 665 on the BSE, while Dhampur Sugar Mills gained 4% to Rs 178 per share. Uttam Sugar gained 3% to Rs 306 per share. Triveni Engineering shares rose 2% to Rs 288, while Eid Parry gained over 2% to Rs 815.

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