Sugar companies' shares rise; Bajaj Hindusthan surges

Shares in sugar companies were trading higher after a spike in sugar prices which is likely to boost manufacturers' margins, traders say.

Local sugar prices are hovering near their highest level in 15 months as demand from bulk consumers like cold drink and ice-cream makers improves due to the summer season. Sugar price has risen 14 percent in just five weeks traders say.

Shares in Bajaj Hindusthan were up 7.8 percent, Balrampur Chini Mills rose 4.8 percent and Shree Renuka Sugars gained 5.2 percent.

EDITORIAL OF THE DAY

  • Enhanced allocations are needed for research to ‘Make in India’ for India

    Even as India flaunts its ambitious ‘Make in India’ initiative from February 13, it spurs several questions.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

The importance of Indonesia

A few weeks ago, the wo­rld was shocked by a ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Bubbles Sabharwal

Social media versus real life

It’s amazing how social media brings out the best side ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture