Share market update: Sugar stocks trade mixed; Rana Sugars slumps 7%

NEW DELHI: Most sugar stocks were trading mixed in Thursday's afternoon session.

Shares of Bajaj Hindustan Sugar (up 5.72 per cent), Sir Shadi Lal Enterprises (up 4.96 per cent), Indian Sucrose (up 4.90 per cent), PARVATI (up 4.83 per cent), Piccadily Agro Industries (up 3.60 per cent) surged up to 10 per cent.

Mawana Sugars (up 2.13 per cent), Balrampur Chini Mills (up 0.94 per cent), AVADHSUGAR (up 0.68 per cent), Shree Renuka Sugars (up 0.68 per cent), K.M.Sugar Mills (up 0.61 per cent), Dhampur Sugar Mills (up 0.45 per cent), KCP Sugar & Industries (up 0.34 per cent), too were trading with gains.

Meanwhile, Rana Sugars (down 7.44 per cent), Dhampure Specialty Sugars (down 4.71 per cent), Ponni Sugars (Erode) (down 4.34 per cent), Empee Sugars & Chemicals (down 3.51 per cent), Piccadily Sugar & Allied Inds (down 1.98 per cent), Simbhaoli Sugars (down 1.77 per cent), Ugar Sugar Works (down 1.69 per cent) were trading lower.

The NSE Nifty50 index was trading 48.20 points up at 11,786.10 while the 30share BSE Sensex was up 129.34 points at 39,239.55 at around 02:30 pm.

Adani Ports & Special Economic Zone (up 6.52 per cent), IndusInd Bank (up 5.12 per cent), Grasim Industries (up 5.09 per cent), Zee Entertainment Enterprises (up 5.00 per cent) and ICICI Bank (up 3.47 per cent) were among the top gainers in the Nifty pack.

On the other hand, ITC (down 3 per cent), Vedanta (down 2.95 per cent), Eicher Motors (down 2.85 per cent), HDFC Bank (down 1.83 per cent), Hindalco Industries (down 1.29 per cent) and Bajaj Finserv (down 1.24 per cent) were trading in the red.

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