Sugar stocks rally further on buzz of exports

India is likely to allow 200,000 tonnes of sugar exports on Tuesday under unrestricted sales, less than half a million tonne permitted earlier, industry sources said, a move seen putting more pressure on global prices.

India, the world's top producer after Brazil and the biggest consumer of the sweetener, has flip-flopped on allowing 500,000 tonnes of unrestricted sugar exports, unsure of stocks at a time when the country is struggling to contain high food inflation. Shree Renuka has touched an intraday high of Rs 72.40 and an intraday low of Rs 70.80. At 09:36 hrs the share was quoting at Rs 72.10, up Rs 2.05, or 2.93%. Balrampur Chini has touched an intraday high of Rs 73.80 and an intraday low of Rs 71. At 09:36 hrs the share was quoting at Rs 72.65, up Rs 2.40, or 3.42%. Bajaj Hind has touched an intraday high of Rs 71 and an intraday low of Rs 69.45. At 09:36 hrs the share was quoting at Rs 70.80, up Rs 2.10, or 3.06%. Triveni Engg has touched an intraday high of Rs 98.90 and an intraday low of Rs 97.90. At 09:37 hrs the share was quoting at Rs 98, up Rs 1.35, or 1.40%.