Sugar stocks rally as prices hit six-year high; Avadh Sugar zooms nearly 12%
All sugar stocks were trading in green in the afternoon trade. Among individual names, Avadh Sugar was up nearly 12 per cent.
An increase in sugar prices boosted the demand for sugar stocks in Wednesday's trading session. According to a Reuters report, sugar prices in India have jumped by more than 3 per cent in a fortnight to their highest level in six years.
All sugar stocks were trading in green in the afternoon trade. Among individual names, Avadh Sugar was up nearly 12 per cent, Dalmia Bharat Sugar and Industries Ltd was up over 6 per cent, Dhampur Sugar Mills shares were up over 5 per cent, Shree Renuka Sugars was up over 5 per cent, and Sakthi Sugars was up nearly 5 per cent in the last hour of the trade.
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