/ Sugar Stocks Hog The Limelight, Andhra Sugar Soars Over 8% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 17 March 2017

Sugar stocks in closing hours of trade are sizzling on bourses ahead of the sugar output data. As of now, the government has no plan to lower the 40% import duty on sugar, as supplies this year are seen enough to meet demand, according to Minister Ram Vilas Paswan.

ISMA recently also lowered the production estimate by about 10 lakh tonnes for 2016-2017. Stocks such as, Andhra Sugar is up by 8.5%, Upper Ganges is up by 6.6%, Oudh Sugar Mills is up by 5%, Dwarikesh Sugar is up by 4.4%, Dhampur Sugar is up by 4.1%, Mawana Sugars is up by 3.6%, KCP Sugar is up by 3% and Balrampur Chini is up by 2.5% in Friday’s trading session.

Dhampur Sugar and Andhra Sugar hit their 52-week highs on Friday's trade. Dhampur Sugar hit a high of Rs 241.50 and Andhra Sugar hit a high of Rs 309 per share, witnessing a huge spurt in volumes by over 9.75 times.

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