Sugar stocks surge 20% on partial decontrol

Sugar stocks rose as much as 20 per cent after the Cabinet approved partial decontrol of the sugar sector. Smaller sugar firms such as KM Sugar and Oudh Sugar Mills soared 20 per cent in early trade. Big sugar firms such as Bajaj Hindusthan surged 13 per cent, while Balrampur Chini gained 11 per cent. Shree Renuka Sugars rose 10 per cent, while EID Parry - the biggest listed sugar firm - traded 7 per cent higher. Mill owners ...