Indian sugar cos rise on govt plans to divert sugar for ethanol production

E I D-Parry (India)

18/12/2023 04:54

** Indian sugar cos' shares rise after govt says it plans to
allow sugar mills to divert up to 1.7 mln metric tons of sugar
for ethanol production 
    ** Shares of Dwarikesh Sugar  DWAR.NS , EID Parry  EIDP.NS ,
Shree Renuka Sugars  SRES.NS , Balrampur Chini Mills  BACH.NS ,
Triveni Engineering  TREI.NS  and Dhampur Sugar  DAMS.NS  up
3.5%-6.5% 
    ** EID Parry and Balrampur Chini Mills are top gainers among
the six sugar companies, up 3.5% and 5.3% each
    ** Dwarikesh Sugar and Dhampur Sugar are top pct gainers,
rising 6% and 6.5%, respectively
    ** EIDP hits near 1-yr high, SRES and DWAR set to gain most
since August
    ** Analysts' average rating on BACH, TREI is equivalent of
"buy", per LSEG data 
    
    
    
    


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))