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Sugar Shares Back In Rally Mode, Surge Up To 15%

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Sugar Shares Back In Rally Mode, Surge Up To 15%
Shares of sugar companies such as Dalmia Bharat Sugar, Dwarikesh Sugar, Dhampur Sugar Mills, Shree Renuka Sugars, Sakthi Sugars, Ponni Sugars Erode and Bajaj Hindusthan rallied 9-15 per cent each in an otherwise flat market.

Shares of sugar companies have been in high demand over the past 12 months on the back of improving sugar prices. Shares of some of the sugar companies have more than doubled during the period. 

But earlier this month, the enthusiasm for sugar shares was dented to some extent after the government imposed a 20 per cent customs duty on sugar exports to boost domestic supply and check price rise. 

Meanwhile, shares of sugar companies in afternoon trade today outperformed the benchmark Nifty which was trading on a lacklustre note.
 


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