Sugar stocks surge on govt nod for additional export

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Sugar stocks surge on govt nod for additional export

SI Reporter / Mumbai 25 Jan 12 | 01:25 PM

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Shares of sugar companies are in limelight in noon deals after the government issued permits to mills to export 592,036 metric tons of the sweetener, reports suggest.

The government has allowed exports of 1 million tons of sugar on November 22 for the year ending September 30, according to the food ministry.

Among individual stocks, Balrampur Chini Mills, Shree Renuka Sugars, Bajaj Hindustan and Triveni Engineering are trading higher by 5-6% each on the Bombay Stock Exchange.