May 3, 2012 / 5:29 AM / 5 years ago

Sugar stocks surge on export limit scrap

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

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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