Sugar manufacturers gain on hopes of easing curbs

Shares in sugar manufacturers gain on hopes the government will remove a requirement that they sell a portion of their sugar output to the government at reduced prices, while also easing some of the restrictions on the sector.

The federal cabinet may discuss lifting some curbs on the tightly regulated sector soon, months after the prime minister's economic adviser recommended easing restrictions to help stabilise output, dealers say.

Bajaj Hindusthan Ltd  gains 1.8 per cent, Shree Renuka Sugars Ltd  is up 2.7 per cent, while Balrampur Chini Mills Ltd  rises 1.3 per cent.

Copyright: Thomson Reuters 2013