India's Dhampur Sugar gains on capacity expansion at Uttar Pradesh plant

Dhampur Sugar Mills

14/06/2023 06:56

** Shares of Dhampur Sugar Mills  DAMS.NS  rise as much as
3.54% to 277.95 rupees
    ** Co, engaged in sugarcane processing, completes expansion
of its grain-based distillery capacity of 100 kilo litres per
day (KLPD) at its Dhampur unit in Uttar Pradesh on June 13
    ** Enhanced capacity will be interchangeable between
molasses, syrup and grain and will facilitate better capacity
utilisation: DAMS
    ** Trading volume is 382,567 shares as of 11:16 a.m. IST,
0.8x the 30-day avg - Refinitiv data
    ** The moving average convergence divergence (MACD) line has
been above the signal line since June 5, suggesting bullish bias
    ** Stock has gained 8.44% in 2023 so far, compared to 3.44%
rise for Nifty 50 index  .NSEI 
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))