Share market update: Sugar stocks trade higher; Dharani Sugars surges 16%

Source: economictimes.indiatimes.com

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

Shares of Dharani Sugars & Chemicals (up 16.02 per cent), Avadh Sugar (up 7.15 per cent), Magadh Sugar (up 4.99 per cent), Bannari Amman Sugars (up 4.58 per cent), Rajshree Sugars & Chemicals (up 3.40 per cent) and KCP Sugar & Industries (up 3.38 per cent) jumped up to 16 per cent.

Gayatri Sugars (up 2.93 per cent), Shree Renuka Sugars (up 2.86 per cent), Mawana Sugars (up 2.85 per cent), Uttam Sugar Mills (up 2.65 per cent), Triveni Engineering & Industries (up 2.25 per cent), Ugar Sugar Works (up 1.85 per cent), Piccadily Sugar & Allied Inds (up 1.37 per cent), Dwarikesh Sugar Industries (up 1.19 per cent), Dhampur Sugar Mills (up 0.70 per cent), Dalmia Bharat Sugar & Industries (up 0.66 per cent), EID Parry (up 0.66 per cent) and Sir Shadi Lal Enterprises (up 0.15 per cent) too were trading with gains.

Meanwhile, Piccadily Agro Industries (down 5.10 per cent), Thiru Arooran Sugars (down 4.97 per cent), Dhampure Specialty Sugars (down 4.96 per cent), Kesar Enterprise (down 4.94 per cent), Parvati Sweetners (down 4.86 per cent), Sakthi Sugars (down 3.72 per cent), Simbhaoli Sugars (down 2.55 per cent), Balrampur Chini Mills (down 2.16 per cent) and K.M.Sugar Mills (down 1.52 per cent) were trading lower.

The NSE Nifty50 index was trading 87.45 points down at 11,744.30 while the 30share BSE Sensex was down 355.64 points at 39,245.99 at around 02:38 pm.

UPL (up 3.59 per cent), Indiabulls Housing Finance (up 3.04 per cent), Hindalco Industries (up 1.80 per cent), UltraTech Cement (up 1.18 per cent) and IndusInd Bank (up 1.08 per cent) were among the top gainers in the Nifty pack.