September 14, 2018 / 9:36 AM / in 2 months

BUZZ-India sugar stocks rally after ethanol purchase price hike

** Shares of Indian sugar stocks E.I.D-Parry (India) Ltd , Balrampur Chini Mills Ltd and Dhampur Sugar Mills Ltd rise between 8.1-20 pct

** India's cabinet on Wednesday approved hike in ethanol purchase price by up to 25 pct bit.ly/2Nal8VD

** Decision to help sugar mills, saddled with massive mounds of the sweetener, divert cane juice for ethanol production

** E.I.D-Parry posts biggest intraday gain in >2 months, trades at volumes nearly 10 times its 30-day avg

** Dhampur Sugar Mills marks sharpest intraday gain since March 2016

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