Sugar stocks under pressure amid lower sugar production data
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Stocks related to the sugar industry were under pressure, after industry body Indian Sugar Mills Association (ISMA) said that India’s sugar production declined 1.19 per cent to 25.53 million tonne (MT) so far in the ongoing 2023-24 marketing year. Sugar production stood at 25.84 MT till February in the year-ago period. Sugar marketing year runs from October to September.
Bajaj Hindusthan Sugar is currently trading at Rs. 34.46, down by 0.68 points or 1.94% from its previous closing of Rs. 35.14 on the BSE.
Shree Renuka Sugars is currently trading at Rs. 46.46, down by 0.40 points or 0.85% from its previous closing of Rs. 46.86 on the BSE.
Balrampur Chini Mills is currently trading at Rs. 378.60, down by 1.85 points or 0.49% from its previous closing of Rs. 380.45 on the BSE.
