Sugar stocks Balrampur Chini, Triveni Engineering, Dhampur Sugar and others rally up to 7%. Here’s why
Sugar stocks rallied up to 7% as global sugar prices climbed to multi-month highs, with raw sugar touching 16.6 cents per pound and white sugar hitting a 15-month peak.
Domestic prices have surged nearly 10% in a month to around Rs 5,000-5,090 per quintal in Mumbai.
Deficient rainfall and expectations of strong festival demand are further supporting the bullish outlook for sugar companies.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
