Stock market update: Sugar stocks down as market rises
On Monday, several sugar stocks experienced mixed performance. Top gainers included Simbhaoli Sugars Ltd. (up 2.89%) and Triveni Engineering & Industries Ltd. (up 1.84%). On the other hand, notable decliners included Sakthi Sugars Ltd. (down 2.56%) and Avadh Sugar & Energy Ltd. (down 2.19%). Meanwhile, broader market indices were trading higher, with the NSE Nifty50 up by 147.66 points and the BSE Sensex gaining 536.69 points. Major gainers in the Nifty pack included Wipro Ltd. (up 1.98%) and HDFC Bank Ltd. (up 1.96%).
NEW DELHI: Sugar stocks were trading lower on Monday at 11:19AM Simbhaoli Sugars Ltd.(up 2.89%), Triveni Engineering & Industries Ltd.(up 1.84%), Ponni Sugars(Erode)Ltd.(up 0.76%), Bannari Amman Sugars Ltd.(up 0.45%) and Bajaj Hindusthan Sugar Ltd.(up 0.24%) were among the top gainers.
Sakthi Sugars Ltd.(down 2.56%), Avadh Sugar & Energy Ltd.(down 2.19%), Magadh Sugar & Energy Ltd.(down 1.95%), Vishwaraj Sugar Industries Ltd.(down 1.56%), Uttam Sugar Mills Ltd.(down 1.04%), EID Parry(India)Ltd.(down 0.93%), Rana Sugars Ltd.(down 0.89%), KCP Sugar & Industries Corporation Ltd.(down 0.89%), Kothari Sugars & Chemicals Ltd.(down 0.85%) and Rajshree Sugars & Chemicals Ltd.(down 0.83%) were among the top losers. The NSE Nifty50 index was trading 147.66 points up at 25111.9, while the 30-share BSE Sensex was up 536.69 points at 81918.05 at around 11:19AM. Wipro Ltd.(up 1.98%), HDFC Bank Ltd.(up 1.96%), Larsen & Toubro Ltd.(up 1.93%), Shriram Finance Ltd.(up 1.77%), Tech Mahindra Ltd.(up 1.74%), Coal India Ltd.(up 1.63%), Kotak Mahindra Bank Ltd.(up 1.59%), HDFC Life Insurance Company Ltd.(up 1.58%), ITC Ltd.(up 1.29%) and Titan Company Ltd.(up 1.26%) were among the top gainers in the Nifty pack.
