Indian sugar stocks surge on reports govt mulling minimum sale price hike

E I D-Parry (India)

13/06/2024 10:43

** Shares of Indian sugar companies surge on reports govt
will increase minimum selling price for the commodity
    ** Shares of Dalmia Bharat Sugar and Industries  DLMI.NS ,
Triveni Industries  TREI.NS , Bajaj Hindusthan Sugar  BJHN.NS 
Dhampur Sugar Mills  DAMS.NS  and Balrampur Chini Mills
 BACH.NS  rise between 4% and 14%
    ** EID Parry  EIDP.NS  up 2%
    ** BJHN hits highest since Sept 2011
    ** Bajaj Hindusthan top gainer among sugar stocks YTD, up
50%, while Dhampur down 1.5% so far this year

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))