Sugar stocks surge on export limit scrap
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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
India has formally adopted inflation targeting, a historic monetary policy overhaul that marks a victory for Reserve Bank of India Governor Raguram Rajan, as the government makes subduing chronically volatile prices a priority. Full Article | Factbox