Indian sugar stocks jump after government imposes inventory limits as price hits record high
BUZZ-Indian sugar stocks jump after government imposes inventory limits as price hits record high ** Sugar stocks jump after India ordered inventory restrictions on bulk consumers
** Sugar prices have jumped 10% over past month to a record high and expected to remain elevated for at least the next three months as festive demand gathers pace
** Balrampur Chini Mills BACH.NS shares rise 12.5% to record high of 732.05 rupees
** Bannari Amman Sugars BANN.NS up 11%, Bajaj Hindusthan Sugar BJHN.NS rises 10%
** Shree Renuka Sugars SRES.NS, Avadh Sugar & Energy AVAD.NS, Triveni Engineering and Industries TREI.NS and Dhampur Sugar Mills DAMS.NS up between 6.2% and 7.5%
** EID Parry EIDP.NS 1.8% higher
(Reporting by Mridula Kumar in Bengaluru)
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Brief: Bannari Amman Sugars June-Quarter Net Loss 109.2 Million Rupees