Several sugar stocks have seen significant gains over the last few days, underpinned by expectations of tightness in local sugar prices due to lower output this season and reduced inventory compared to the previous year.
Shares of Uttam Sugar Mills, Balrampur Chini and Dalmia Bharat Sugar have soared between 15-35 per cent over the last week, while those of Magadh Sugar & Energy, Avadh Sugar & Energy, SBEC Sugar and Mawana Sugars have jumped 9-15 per cent in the same period.
More to come…
