Sugar stocks have resumed their rally on the exchanges sharply swinging from to the green after a brief pause on Friday. Shares of Bajaj Hindusthan Sugars soared 12.4% on the NSE on Monday.
The shares rose to a high of Rs 26 apiece, and later pared some of the gains to trade 11% higher at Rs 25.72.
Stocks of Shree Renuka Sugar Ltd., Dalmia Bharat Sugar & Industries Ltd., and Triveni Engineering & Industries Ltd. jumped up to 7.8%, 4.4%, and 3.5% respectively.
Shree Renuka pared some gains to trade 7% higher at Rs 26.88, while Triveni and Dalmia Bharat traded 2% and 2.55% as of 10:20 a.m.
Additionally, Balrampur Chini Mills Ltd. and E.I.D Parry (India) Ltd. scrips rose as high as over 3% to Rs 751 and Rs 821 respectively as against a 0.12% advance in the benchmark Nifty index.
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