Home / Market / Stock-market-news /  Sugar stocks rise; Bajaj Hindusthan surges nearly 8%

Mumbai: Shares in sugar companies were trading higher after a spike in sugar prices which is likely to boost manufacturers’ margins, according to traders.

Local sugar prices are hovering near their highest level in 15 months as demand from bulk consumers such as cold drink and ice-cream makers improves due to the summer season. Sugar prices have risen 14% in just five weeks, say traders.

Shares in Bajaj Hindusthan Ltd were up 7.8%, Balrampur Chini Mills Ltd rose 4.8% and Shree Renuka Sugars Ltd gained 5.2% in early trade on Friday.

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