The sugar stocks are presently witnessing a reflex reaction to the government’s recent extension for tax-free import of sugar to end June. This policy stance not only cheered the sugar stocks but also brought excess sweetner in the market. However, this overall positive environment for the sugar got an acreage increase by merely 2%.
Balrampur Chini Mills is currently trading at Rs. 48.60, down by 2.25 points or 4.42% from its previous closing of Rs. 50.85 on the BSE. The scrip opened at Rs. 49.90 and has touched a high and low of Rs. 51.45 and Rs. 48.45 respectively. So far 68618 shares were traded on the counter.
Shree Renuka Sugars is currently trading at Rs. 28.55, down by 1.95 points or 6.39% from its previous closing of Rs. 30.50 on the BSE. The scrip opened at Rs. 30.20 and has touched a high and low of Rs. 30.25 and Rs. 27.70 respectively. So far 1776220 shares were traded on the counter.
Bajaj Hindusthan is currently trading at Rs. 27.25, down by 1.05 points or 3.71% from its previous closing of Rs. 28.30 on the BSE. The scrip opened at Rs. 28.15 and has touched a high and low of Rs. 28.20 and Rs. 27.10 respectively. So far 395450 shares were traded on the counter.
