Share market update: Sugar stocks gain; Magadh Sugar climbs 5%

Source: economictimes.indiatimes.com

NEW DELHI: Most sugar stocks were trading with gains in Thursday’s afternoon session.

Shares of Sir Shadi Lal Enterprises (up 4.99 per cent), Magadh Sugar (up 4.98 per cent), Balrampur Chini MillsNSE 2.03 % (up 3.68 per cent), Bannari Amman Sugars (up 3.04 per cent), Dhampur Sugar Mills (up 2.74 per cent), Uttam Sugar Mills (up 2.35 per cent) and Sakthi Sugars (up 2.31 per cent) jumped up to 5 per cent.

Mawana Sugars (up 1.86 per cent), EID Parry (up 1.61 per cent), Simbhaoli Sugars (up 1.52 per cent), Dalmia Bharat Sugar & Industries (up 1.47 per cent), Shree Renuka Sugars (up 1.32 per cent), Rana Sugars (up 1.05 per cent), Ugar Sugar Works (up 0.94 per cent), Bajaj Hindusthan Sugar (up 0.52 per cent), Dwarikesh Sugar Industries (up 0.38 per cent) and Ponni Sugars (Erode) (up 0.21 per cent) too were trading with gains.

Meanwhile, Dhampure Specialty Sugars (down 4.96 per cent), Indian Sucrose (down 4.91 per cent), Riga Sugar Company (down 4.91 per cent), Kesar Enterprise (down 4.33 per cent), Empee Sugars & Chemicals (down 4.00 per cent), Rajshree Sugars & Chemicals (down 3.98 per cent), Gayatri Sugars (down 1.56 per cent), K.M.Sugar Mills (down 1.40 per cent) and Dharani Sugars & Chemicals (down 0.59 per cent) were trading lower.

The NSE Nifty50 index was trading 32.10 points up at 11,948.85 while the 30share BSE Sensex was up 85.91 points at 39,925.16 at around 02:04 pm.

UPL (up 6.37 per cent), Tata Motors (up 3.23 per cent), Indiabulls Housing Finance (up 2.93 per cent) and Bharti Airtel (up 2.51 per cent), were among the top gainers in the Nifty pack.

On the other hand, Titan Company (down 2.87 per cent), Tata Steel (down 2.18 per cent), HCL Technologies (down 1.17 per cent), Bharti Infratel (down 1.15 per cent) and Sun Pharmaceutical Industries (down 0.63 per cent) were trading in the red.