Shares of sugar companies have rallied in an otherwise weak market, after the government removed the cap on sugar exports and placed the commodity under the open general licence category.

The government has restored the “equitable and transparent&" system of sugar export quota allocation, in which all mills would get some share in the overall figure, instead of its earlier proposal of “first come, first served&",

Sugar stocks have rallied on the bourses after the government decided to allow the export of another 1 MT of sugar export under the Open general license (OGL) in view of surplus production.

Sugar stocks are in limelight on the bourses with many of them trading higher in otherwise subdued market, on hopes of additional two million tones export due to higher sugar production.

Shares of sugar companies have rallied on the bourses on reports that the Prime Minister Manmohan Singh today constituted an expert committee, headed by his Economic Advisory Council Chairman C.

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.

Domestic sugar refineries are operating at markedly less capacity than is usual for this time of the year, owing to excess supply.

Sugar stocks are under pressure on the bourses on reports that the announcement of poll schedule in Uttar Pradesh and four other states may delay Government's approval for further sugar exports.

Shares of sugar companies are trading higher in otherwise subdued equity market on reports that the government will consider the partial decontrol of the sector after the winter session of the Parliament gets over.

May post loss on rising debt, higher costs, subdued realisations; turnaround may take some time.

Sugar companies are under pressure on the bourses, with most frontline stocks from the sector trading at 52-week lows.

Shares of sugar manufacturing companies such as Shree Renuka Sugars, Bajaj Hindustan, Balrampur Chini Mills and Triveni Engineering and Industries have bounced back from their recent lows on hopes of sugar exports.

Shares of the country's largest sugar refiner ended at Rs 34.25, down 10.81% from the last close on BSE.

Shree Renuka Sugars has plummeted more than 30% to Rs 36 on the Bombay Stock Exchange on reporting a net loss of Rs 618.5 crore for the quarter ended September 30, 2011 due to higher interest and huge foreign exchange losses.

The company had earned a net profit of Rs 127.8 crore in the same period last year.

Sugar manufacturers such as Balrampur Chini, Bajaj Hindustan, Shree Renuka Sugars and Triveni Engineering are trading higher after the agriculture minister Sharad Pawar on Thursday said the government will take a decision on allowing sugar exports in the

Shree Renuka Sugars’ cane buying costs swallowed the entire return from producing sugar.

Shree Renuka Sugars has surged this morning on reports that it is talking to several private equity players and strategic investors to sell a 25% stake in its wholly-owned unit Renuka Brasil Holdings.

Although the govt’s move permitting export is positive, higher cane costs and a surplus situation in the country mar the prospects of top producers.

Shares of sugar manufacturing companies such asShree Renuka Sugars, Bajaj Hind, Bajaj Hindustan and Balrampur Chini Mills are trading higher by more than 2% each on reports the government has notified export an additional five lakh tonnes of sugar.