Sugar Stocks Extend Rally But Analysts Suggest Caution

Sugar stocks extended their rally on Tuesday with shares of six companies hitting fresh 52-week highs. Dwarikesh Sugar, Mawana Sugars, Oudh Sugar Mills, Shree Renuka Sugars, Bannari Amman Sugars and Ugar Sugar Works rose between 2 per cent and 20 per cent to hit fresh 52-week highs today.  Hopes of improving financial health of sugar prices on the back of rising sugar prices have been attributed to the rally in shares of sugar compa...