Sugar stock rose on hopes of getting sugarcane arrears post assembly election results of the Uttar Pradesh, country’s most populous state this month.
At 11.58 am, on the BSE, Rana Sugars up by 4.77%, Dwarikesh Sugar Industries up by 4.23%, Empee Sugars and Chemicals up by 3.41%, Triveni Engineering & Industries up by 2.95%, Upper Ganges Sugar & Industries up 2.65%, Bajaj Hindusthan up by 2.70%, Dhampur Sugar Mills up by 2.05%, Sakthi Sugars up by 1.07%, Shree Renuka Sugars up by 0.26%,
The sugar companies will be most affected if BSP retains power, fearing its pro- sugarcane farmer stance. The regime had doubled the price of sugarcane in its five-year tenure, compared with the Samajwadi Party government, which raised it only 25%.
The surveys showed the Samajwadi Party winning by far the largest number of seats in the legislative assembly of Uttar Pradesh. The results will be declared tomorrow.
....more info
At 11.58 am, on the BSE, Rana Sugars up by 4.77%, Dwarikesh Sugar Industries up by 4.23%, Empee Sugars and Chemicals up by 3.41%, Triveni Engineering & Industries up by 2.95%, Upper Ganges Sugar & Industries up 2.65%, Bajaj Hindusthan up by 2.70%, Dhampur Sugar Mills up by 2.05%, Sakthi Sugars up by 1.07%, Shree Renuka Sugars up by 0.26%,
The sugar companies will be most affected if BSP retains power, fearing its pro- sugarcane farmer stance. The regime had doubled the price of sugarcane in its five-year tenure, compared with the Samajwadi Party government, which raised it only 25%.
The surveys showed the Samajwadi Party winning by far the largest number of seats in the legislative assembly of Uttar Pradesh. The results will be declared tomorrow.
....more info