/ Sugar Stocks’ Rally Continues KM Sugar Mills Zooms Nearly 6% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 6 March 2017

Prices of sugar stocks have continued rallying in Monday’s trading session, as recently, the report published by the Indian Sugar Mills Association (ISMA) has quoted the sugar deficit in the country to 18.54% in February 2017 as compared to 15% in mid-February 2016.

Major sugar stocks are on the rise, wherein, K.M. Sugar Mills is up by 5.7%; Dhampur Sugar Mills is up by 5.4%; Oudh Sugar Mills is up by 3.72%; Dwarikesh Sugar is up by 3.6%; Ugar Sugar is up by 3.3%; and Upper Ganges Sugar & Industries is up by 2.5% in Monday’s trading session.

The sugar production of the country has decreased by over 18% as compared to the same period in the previous year as more than 100 sugar mills have stopped their crushing operations. 

These sugar stocks were buzzing in Friday’s trade, and were trading up in the range of 3% to 11%.

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