The severely beaten down Sugar stocks finally rallied smartly today after a long gap on account of sops announced by the government. There are two positives for the sector in the sops, firstly the 5% mandatory blending with immediate effect and 10% mandatory blending from October 2008 and secondly the government has fixed the price of Rs 21.50 per liter of ethanol for next three years.  

Most of the sugar stocks were trading with significant gains in the early trade today. Triveni Engineering surged by over 21% in the morning followed by Dhampur Sugar and and Sakthi Sugar which also shot up by nearly 20% in today session. J K Sugar’s and Bajaj Hindustan ‘s price appreciated by 19.40% and 18.47% respectively.  Simbhaoli Sugar and DCM Shriram Consolidated were among the weak performer in sugar pack.

Company Name	Price		% Change
	Closing on 09-Oct	High on 10-Oct
Triveni Engg	99.60	120.70	21.18
Balrampur Cheni	71.45	85.50	19.66
Simbhaoli Sugar	41.30	43.45	5.21
Sakthi Sugar	76.40	91.65	19.96
JK Sugar	23.45	28.00	19.40
EID Parry	145.15	168.00	15.74
Dhampur Sugar	56.90	68.25	19.95
DCM Shriram	66.10	71.70	8.47
Bajaj Hindustan	157.00	186.00	18.47