Sugar stocks in news again

Once again sugar stocks are up ruling the roost today with Balrampur Chini leading the top gainers on the BSE, with stock price rising over 8% to Rs.82.75.

Bajaj Hindusthan is also one of the top five gainers; all the other sugar stocks are also up – Dwarikesh Sugar, Thiru Arooran, Uttam Sugar Mills, Mawana Sugars, Triveni Engineering.

The stocks are up on unconfirmed reports that the Govt is likely to provide financial support to cane farmers for produce sold to sugar mills.

The news doing the rounds is that the Govt is most likely to give its approval to pay Rs.55/tonne  of cane sold to the mills.