Sugar stocks rally after EGOM permits export of additional 1 million tonnes of sugar

Bajaj Hindusthan Sugar Ltd. | Sugar | Agriculture & Allied activities | BSE: 500032 | NSE: BAJAJHIND

27 Mar 2012 Evaluate

Sugar stocks rallied on the bourses after the government decided to allow the export of another 1 MT of sugar export under the Open general license (OGL) in view of surplus production. The decision to allow exports by an Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, would help domestic mills to clear mounting sugarcane arrears to farmers that have reached Rs 8,409 crore.

The government had allowed 2 million tonnes of sugar exports in the 2011-12 marketing year in two equal tranches, as the country’s sugar output was all set to exceed domestic consumption. Based on the inputs of Cane Commissioners of all sugar producing states, the food ministry recently revised the sugar production estimates upwards to about 25.2 million tonnes from the earlier projection of 24.6 million tonnes for this marketing year.

Shree Renuka Sugars is currently trading at Rs 31.65, up by 1.20 points or 3.94% from its previous closing of Rs 30.45 on the BSE. The scrip opened at Rs 31.95 and has touched a high and low of Rs 32.05 and Rs 31.10 respectively. So far 1232458 shares were traded on the counter.

Bajaj Hindusthan is currently trading at Rs 31.60, up by 0.70 points or 2.27% from its previous closing of Rs 30.90 on the BSE. The scrip opened at Rs 31.50 and has touched a high and low of Rs 32.00 and Rs 31.25 respectively. So far 271904 shares were traded on the counter.

Dhampur Sugar Mills is currently trading at Rs 43.35, up by 0.30 points or 0.70% from its previous closing of Rs 43.05 on the BSE. The scrip opened at Rs 44.10 and has touched a high and low of Rs 45.00 and Rs 43.25 respectively. So far 9299 shares were traded on the counter.

Balrampur Chini Mills is currently trading at Rs 54.70, up by 1.05 points or 1.96% from its previous closing of Rs 53.65 on the BSE. The scrip opened at Rs 54.30 and has touched a high and low of Rs 55.00 and Rs 53.50 respectively. So far 46316 shares were traded on the counter.

Bajaj Hindusthan Sug Share Price

20.25 -0.16 (-0.78%)

07-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Shree Renuka Sugar	28.56
Bajaj Hindusthan Sug	20.25
Triveni Engg. & Inds	403.00
Balrampur Chini Mill	525.25
Dalmia Bharat Sugar	389.00
View more..

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