Market Watch

Tuesday, 24 June 2014

Stock Tips Alert: Sugar Stocks Extend Overnight Gain

Shares of sugar companies extended overnight gains as sentiment turned positive following the government's decision to hike import duty on sugar.To tackle the rising crude oil prices, the Food Minister announced that ethanol blending with petrol will be increased to 10 per cent from 5 per cent. Shares of companies operating in the capital goods sector were in demand.
Bharat Petroleum Corp rises 2.5 percent, Hindustan Petroleum Corp surges 4.4 percent and Indian Oil Corp is up 3.5 percent.
Bajaj HindusthanBSE -0.21 % surged 10 per cent, Shree Renuka SugarsBSE 0.85 % soared 5.78 per cent, Uttam Sugars gained 4.83 per cent, Dwarikesh SugarBSE 4.93 % moved up 5 per cent, Oudh Sugar rallied 4.87 per cent and Dhampur SugarBSE -0.91 % moved 3.42 percent intraday.

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