Right across the board, sugar stocks were up in the green – Shree Renuka, Dwarikesh, Bajaj Hindusthan, Dhampur Sugar, Triveni Engineering, Balrampur Chini and EID Parry.

The reason? The Govt hiked the import duty in sugar from 40% to 50% to ensure that cheap shipments do no dent the domestic prices. This is “"with immediate effect and without an end date".