India's Dhampur Sugar Mills rises on buyback proposal

Dhampur Sugar Mills

01/01/2024 07:53

** Shares of Dhampur Sugar Mills  DAMS.NS  rise as much as
7.6% to 272.8 rupees on share buyback proposal
    ** Stock currently trading 4.5% higher
    ** Sugarcane processor to consider buying back of fully
paid-up equity shares on Jan 3
    ** If trend holds, stock set for best one-day gain since
Dec. 18, when sugar companies' stocks spiked on govt planning to
divert sugar for ethanol production
    ** Shares up for the last three weeks, gaining 5.5% during
the period
    ** Trading vol is 2x the 30-day daily avg
    ** Stock rose 2.4% in 2023, gaining lowest in a year since
its listing in 1994




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))