Sweet Gains: Sugar Stocks Soar as Market Closes on a High

In a massive market upturn, sugar shares have soared quite significantly. Leaders of the gainers list is Magadh Sugar & Energy Ltd, with gains of 7.74 per cent. In the next steps, Dalmia Bharat Sugar gained 6.07% and Ugar Sugar Works jumped 4.55%. A broad up move in BSE Sensex which closed with gains of 454.11 points also propelled it. Investors are hopeful that government moves to enhance minimum support prices would help enhance profits in the segment. In recent times, these sentiments mark positive momentum in increasing sugar industry confidence where global price pressures are fluctuating.

 

Source: Economic Times, Business Standard, Money Control