With the sugar cycle turning favourable, it is not surprising that the share prices of sugar-producing companies are among the gainers. Consider this: Shares of EID-Parry, Balrampur Chini, Triveni Engineering, Dwarikesh Sugar, and Dhampur Sugar have been on an uptrend, having gained 30-58 per cent from their August lows.
Among them, Balrampur Chini hit a 52-week high recently, and is trading near those levels now. The reducing surplus and stable sugarcane procurement prices bode well for realisations and profitability of sugar producers. The latest release by the Indian Sugar Mills …
Source: Business Standard
