Sugar stocks were on buyers' radar Thursday as the government may consider raising the retail prices of sugar sold through ration shops.
CNBC-TV18 reported that an inter ministerial group on inflation headed by Raghuram Rajan has recommended releasing sugar every six months instead of three months, with an enhanced allocation of 10 trillion for free sale. Sakthi Sugar and Simbhaoli Sugar shot up 4% while Bajaj Hindusthan and Shree Renuka Sugars gained over 1.6%. Dwarikesh Sugar, EID Parry and Dalmia Sugar jumped over 1.5%. Dharani Sugars topped the buying list among sugar stocks, rising 9%.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
