Sugar stocks trade lower as OMCs bar sugar-based ethanol in 2026-27 tender
Sugar stocks fell after state-run oil marketing companies (OMCs) have barred ethanol made from sugarcane juice, sugar syrup and B-heavy molasses from their latest procurement tender for the 2026-27 supply year for blending in petrol, as the government seeks to protect domestic sugar supplies while sustaining its nationwide petrol-blending programme.
Shree Renuka Sugars is currently trading at Rs. 20.89, down by 1.25 points or 5.65% from its previous closing of Rs. 22.14 on the BSE. The scrip opened at Rs. 21.53 and has touched a high and low of Rs. 21.72 and Rs. 20.78 respectively. So far 943111 shares were traded on the counter.
Bajaj Hindusthan Sugar is currently trading at Rs. 20.14, down by 1.13 points or 5.31% from its previous closing of Rs. 21.27 on the BSE. The scrip opened at Rs. 20.89 and has touched a high and low of Rs. 20.89 and Rs. 19.69 respectively. So far 1577564 shares were traded on the counter.
Balrampur Chini Mills is currently trading at Rs. 698.05, down by 24.75 points or 3.42% from its previous closing of Rs. 722.80 on the BSE. The scrip opened at Rs. 708.35 and has touched a high and low of Rs. 708.35 and Rs. 693.00 respectively. So far 77783 shares were traded on the counter.
