The sugar stocks like Dhampur Sugar, Uttam Sugar and Dwarikesh Sugar are buzzing in the lunch hours on Wednesday.
The Dhampur Sugar Mills Limited stock is trading higher by 7.2% at Rs 229 per share. Uttam Sugar stock is trading higher by % at Rs per share. Dwarikesh Sugar is trading higher by % at Rs per share.
Duty-free import of sugar to the tune of 0.5 million tonne was recently approved by the government until June 12, 2017. As per the market pandits, sugar consumption is expected to come down owing to the impacts of demonetisation. The sugar prices fell by nearly 4.5% as of April 6, 2017.
Nifty is trading lower by 24 points at 9212 level while Sensex is trading at 29707 level, down by 80 points.