Sugar stocks surge on export limit scrap

MUMBAI Thu May 3, 2012 10:54am IST

A worker shifts a sack of sugar at a godown inside a sugar factory at Sanyan village in Gujarat April 23, 2012. REUTERS/Amit Dave

A worker shifts a sack of sugar at a godown inside a sugar factory at Sanyan village in Gujarat April 23, 2012.

Credit: Reuters/Amit Dave

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MUMBAI (Reuters) - Shares in sugar producers surged on Thursday after the government removed any limits on export volumes, raising expectations for improved profits in the sector.

Shree Renuka Sugars (SRES.NS), a private sector integrated sugar producer, rose 4.4 percent. Bajaj Hindusthan (BJHN.NS) added 3.8 percent, while Balrampur Chini Mills (BACH.NS) advanced 4.1 percent.

(Reporting by Mumbai Markets Team)

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