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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)

((Mridula.Kumar@thomsonreuters.com))

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