Indian sugar firms drop on report of India ruling out possibility of sugar exports

E I D-Parry (India)

15/04/2024 11:20

** Shares of sugar firms EID Parry  EIDP.NS , Balrampur
Chini Mills  BACH.NS , Shree Renuka Sugars  SRES.NS , Dwarikesh
Sugar  DWAR.NS , Bajaj Hindusthan Sugar  BJHN.NS  settle 1.5%-5%
lower
    ** Indian government on Monday ruled out possibility of
allowing sugar exports in 2023-24 season ending October,
newspaper Business Standard reported, citing Press Trust of
India
    ** Sugar exports in India currently curbed for an indefinite
period
    ** Fall amid broader sell-off in the markets, benchmark
Nifty 50  .NSEI  settled 1.1% lower
    ** YTD, BJHN and EIDP up 11.3% and 9.3%, respectively, while
SRES, BACH and DWAR down 8.4%-15.7% 
   

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))