SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sugar stocks sweeten on hopes of debt restructuring

30 Dec 2016 Evaluate

Sugar stocks are trading higher after the media report suggest that the Union finance ministry is considering a proposal to restructure sugar mills’ debt, which is under severe stress due to lack of capacity utilization.

Balrampur Chini Mills is currently trading at Rs 125.70, up by 2.95 points or 2.40% from its previous closing of Rs. 122.75 on the BSE. The scrip opened at Rs 124.10 and has touched a high and low of Rs 127.30 and Rs 124.00 respectively. So far 206024 shares were traded on the counter.

Dwarikesh Sugar Industries is currently trading at Rs 326.00, up by 27.80 points or 9.32% from its previous closing of Rs 298.20 on the BSE. The scrip opened at Rs 302.00 and has touched a high and low of Rs 330.00 and Rs 302.00 respectively. So far 280639 shares were traded on the counter.

Shree Renuka Sugars is currently trading at Rs 13.77, up by 0.68 points or 5.19% from its previous closing of Rs 13.09 on the BSE. The scrip opened at Rs 13.25 and has touched a high and low of Rs 13.98 and Rs 13.25 respectively. So far 485214 shares were traded on the counter.

The Union finance ministry is considering a proposal to restructure sugar mills’ debt, which is under severe stress due to lack of capacity utilisation. While sugar crushing begun two months ago, some mills in Maharashtra and Karnataka don’t have enough sugarcane to crush and are said to be closing operations. The sugar sector’s total debt is estimated at Rs 50,000 crore.

Balrampur Chini Mill Share Price

473.45 -4.35 (-0.91%)
10-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×