EID Perry, Shree Renuka Sugars, Balrampur Chini: Sugar stocks trade higher as sources say government is mulling MSP price rise

Sugar stocks such as EID Perry (India) Ltd, Shree Renuka Sugars, Balrampur Chini Mills, Triveni Engineering, Bajaj Hindusthan, Dalmia Bharat Sugar, started off on a higher note on BSE on Thursday (June 13, 2024) after Zee Business sources told that the government was considering increasing minimum support price (MSP) of sugar for 2024-25.

The current MSP of sugar is Rs 31 per kg, while sugar mills are demanding it to increase to Rs 41 per kg.
Here's how the leading sugar stocks are trading after the news.

EID Perry (India Ltd)

After closing at Rs 705.70 in the previous session, the stock of EID Perry jumped by 3.93 per cent to touch an all-time high of Rs 733.45.

EID Perry shares closed trading higher by 2.76 per cent, or Rs 19.45, at Rs 725.15 on Thursday.  

Shree Renuka Sugars

After closing at Rs 44.14 a day ago, the stock of Shree Renuka Sugars soared by 13.16 per cent to jump to Thursday's high of Rs 49.95.

Shree Renuka Sugars shares closed the session higher by 11.67 per cent, or Rs 5.15, at Rs 49.29 each on Thursday. 

Balrampur Chini Mills

After closing at Rs 419.85 in the previous session, the stock of Balrampur Chini Mills jumped by 5.10 per cent to Thursday's high of Rs 441.30.

Balrampur Chini Mills shares ended the trading session up by 4.63 per cent, or Rs 19.45 at Rs 439.30 apiece on Thursday.

Triveni Engineering Industries Ltd

After closing at Rs 372.00 on Wednesday, the stock of Triveni Engineering jumped by 7.14 per cent to jump to Thursday's high of Rs 398.55.

Triveni Engineering shares closed trading higher by 5.26 per cent, or Rs 19.55, at Rs 391.55 each on Thursday. 

Bajaj Hindusthan Sugar Limited

After closing the trading session at Rs 36.44 a day ago, the stock of Bajaj Hindusthan Sugar soared by 17.94 per cent to hit a 52-week high of Rs 42.98 on Thursday.

Bajaj Hindusthan shares ended the session higher by 14.49 per cent, or Rs 5.28, at Rs 41.72 apiece on Thursday.

Dalmia Bharat Sugar and Industries Ltd

After closing at Rs 404.20 a day before, the stock of Dalmia Bharat Sugar soared by 9.03 per cent to Thursday's high of Rs 440.70.

Dalmia Bharat Sugar shares closed trading up by 6.67, or Rs 26.95, at Rs 431.15 each on Thursday.