Markets

Share market update: Sugar stocks fall; Simbhaoli Sugars slumps 5%

NEW DELHI: Most sugar stocks were trading lower in Thursday's afternoon session.

Shares of Piccadily Agro Industries (down 5.38 per cent), Simbhaoli Sugars (down 4.93 per cent), Thiru Arooran Sugars (down 4.91 per cent), Empee Sugars & Chemicals (down 4.24 per cent), Sakthi Sugars (down 3.34 per cent), Indian Sucrose (down 2.82 per cent), Bajaj Hindusthan Sugar (down 2.22 per cent) and Rajshree Sugars & Chemicals (down 2.22 per cent) plunged up to 6 per cent.

Shree Renuka Sugars (down 1.77 per cent), DCM Shriram Industries (down 1.75 per cent), Dwarikesh Sugar Industries (down 1.59 per cent), Rana Sugars (down 1.52 per cent), Triveni Engineering & Industries (down 1.18 per cent), Parvati Sweetners (down 1.09 per cent), Avadh Sugar (down 0.95 per cent) and Mawana Sugars (down 0.86 per cent) too were trading with losses.

Meanwhile, Gayatri Sugars (up 4.67 per cent), Piccadily Sugar & Allied Industries (up 4.58 per cent), Sir Shadi Lal Enterprises (up 4.45 per cent), Uttam Sugar Mills (up 2.73 per cent) and Dharani Sugars & Chemicals (up 2.37 per cent) were trading higher.

The NSE Nifty50 index was trading 99.55 points up at 11,960.65 while the 30share BSE Sensex was up 376.02 points at 39,878.07 at around 02:40 pm.

NTPC (up 3.25 per cent), Bharat Petroleum Corporation (up 2.13 per cent), Bharti Airtel (up 2.08 pRead More – Source
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