Offer market update: Sugar stocks under strain; Piccadily Agro Industries dives 10%
NEW DELHI: Most sugar stocks were exchanging bring down Wednesday’s evening session.
Portions of Piccadily Agro Industries (down 9.40 percent), Dharani Sugars and Chemicals (down 5.74 percent), KCP Sugar and Industries (down 5.30 percent), Indian Sucrose (down 4.92 percent), Thiru Arooran Sugars (down 4.87 percent), Gayatri Sugars (down 4.79 percent), Balrampur Chini Mills (down 4.26 percent), Sakthi Sugars (down 4.21 percent), Sir Shadi Lal Enterprises (down 4.18 percent) and Triveni Engineering and Industries (down 4.10 percent) drooped up to 10 percent.
Ponni Sugars (Erode) (down 3.76 percent), Rana Sugars (down 3.66 percent), Dalmia Bharat Sugar and Industries (down 2.94 percent), Kesar Enterprises (down 2.81 percent), Rajshree Sugars and Chemicals (down 2.60 percent), Piccadily Sugar and Allied Inds (down 2.48 percent), DCM Shriram Industries (down 1.40 percent) and Mawana Sugars (down 1.33 percent) also were exchanging with misfortunes.
In the interim, Magadh Sugar (up 5 percent), Dhampure Specialty Sugars (up 4.97 percent), Riga Sugar Company (up 4.20 percent), Simbhaoli Sugars (up 3.11 percent), Dhampur Sugar Mills (up 2.69 percent), Dwarikesh Sugar Industries (up 2.27 percent), Shree Renuka Sugars (up 1.55 percent) and EID Parry (up 1.07 percent) were exchanging higher.
The NSE Nifty50 list was exchanging 8 up at 11,093.40 while the 30share BSE Sensex was up 22.56 focuses at 37,419.80 at around 02:04 pm.
IndusInd Bank (up 5.04 percent), YES Bank (up 4.36 percent), Hero MotoCorp (up 4.28 percent) and UPL (up 3.54 percent) were among the top gainers in the Nifty pack.
Then again, Axis Bank (down 5.11 percent), Zee Entertainment Enterprises (down 4.05 percent), Bharti Airtel (down 2.94 percent) and Tech Mahindra (down 1.87 percent) were exchanging the red.