Sugar stocks succumbed to selling pressure after Government deferred a decision on scrapping subsidy on levy sugar under the public distribution system (PDS) quota, as removing the subsidy would have meant a steep hike in the price of the commodity to Rs 23 per kg from Rs 13.50/kg. Further, this relief is expected to last till December.
Shree Renuka Sugars is currently trading at Rs 35.35, down by 2.10 points or 5.61% from its previous closing of Rs 37.45 on the BSE. The scrip opened at Rs 36.75 and has touched a high and low of Rs 36.80 and Rs 35.00 respectively. So far 981011 shares were traded on the counter.
Bajaj Hindusthan is currently trading at Rs 31.35, down by 1.60 points or 4.86% from its previous closing of Rs 32.95 on the BSE. The scrip opened at Rs 32.45 and has touched a high and low of Rs 32.45 and Rs 31.05 respectively. So far 617573 shares were traded on the counter.
Balrampur Chini Mills is currently trading at Rs 64.50, down by 2.40 points or 3.59% from its previous closing of Rs 66.90 on the BSE. The scrip opened at Rs 66.20 and has touched a high and low of Rs 66.20 and Rs 61.10 respectively. So far 367799 shares were traded on the counter.
Company Name | CMP |
---|---|
Shree Renuka Sugar | 39.90 |
Bajaj Hindusthan Sug | 31.29 |
Balrampur Chini Mill | 527.90 |
Triveni Engg. & Inds | 462.70 |
Dalmia Bharat Sugar | 368.80 |
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