Sugar stocks trade sweet on hopes of price hike

Shree Renuka Sugars Ltd. | Sugar | Agriculture & Allied activities | BSE: 532670 | NSE: RENUKA

24 Sep 2012 Evaluate

Shares of most sugar producing companies were in demand as Cabinet Committee on Economic Affairs (CCEA), on Tuesday, is likely to consider a proposal to raise price of sugar sold through ration shops. If approved, this would be the first hike in about a decade.

Shree Renuka Sugars is currently trading at Rs 37.20, up by 0.80 points or 2.20% from its previous closing of Rs 36.40 on the BSE. The scrip opened at Rs 36.80 and has touched a high and low of Rs 38.20 and Rs. 36.70 respectively. So far 1735723 shares were traded on the counter.

Bajaj Hindusthan is currently trading at Rs 32.95, up by 0.80 points or 2.49% from its previous closing of Rs 32.15 on the BSE. The scrip opened at Rs. 33.00 and has touched a high and low of Rs 33.90 and Rs 32.50 respectively. So far 1525746 shares were traded on the counter.

Balrampur Chini Mills is currently trading at Rs 66.90, up by 1.45 points or 2.22% from its previous closing of Rs 65.45 on the BSE. The scrip opened at Rs 66.00 and has touched a high and low of Rs 68.50 and Rs 65.40 respectively. So far 472482 shares were traded on the counter.

Simbhaoli Sugars is currently trading at Rs 30.20, up by 0.70 points or 2.37% from its previous closing of Rs 29.50 on the BSE. The scrip opened at Rs 30.60 and has touched a high and low of Rs 30.80 and Rs 29.50 respectively. So far 4741 shares were traded on the counter.

The government sells 27 lakh tonnes of sugar every year to the poor through public distribution system (PDS). However, the food ministry has stated that the government will not have to pay any subsidy on levy sugar if prices are raised to Rs 25.37 per kg. For sugar sold at every rupee lower than this threshold for supply under the PDS, the government will have to incur a subsidy of Rs 270 crore a year, as per few media reports.

Shree Renuka Sugar Share Price

22.15 -0.01 (-0.05%)

05-Jun-2026 09:19 View Price Chart

Peers

Company Name	CMP
Shree Renuka Sugar	22.15
Bajaj Hindusthan Sug	19.44
Triveni Engg. & Inds	374.15
Balrampur Chini Mill	533.15
Dalmia Bharat Sugar	333.95
View more..

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