Share market update: Sugar stocks trade lower; Kesar Enterprises plunges 10% - News Summed Up

Share market update: Sugar stocks trade lower; Kesar Enterprises plunges 10%


NEW DELHI: Most sugar stocks were trading with losses in Tuesday's afternoon session.Shares of Kesar Enterprises (down 9.96 per cent), Ugar Sugar Works (down 5.41 per cent), Mawana Sugars (down 5 per cent), Piccadily Sugar & Allied Inds (down 4.86 per cent), Gayatri Sugars (down 4.76 per cent), Magadh Sugar (down 4.16 per cent), Piccadily Agro Industries (down 3.12 per cent), Sakthi Sugars (down 2.97 per cent), Rajshree Sugars & Chemicals (down 2.95 per cent) and DCM Shriram Industries (down 2.63 per cent) plunged up to 10 per cent.Avadh Sugar (down 1.76 per cent), Shree Renuka Sugars (down 1.70 per cent), K.M.Sugar Mills (down 1.15 per cent), Uttam Sugar Mills (down 1.12 per cent), Thiru Arooran Sugars (down 0.97 per cent), Dalmia Bharat Sugar & Industries (down 0.93 per cent), Dhampur Sugar Mills (down 0.83 per cent), Triveni Engineering & Industries (down 0.75 per cent) and Rana Sugars (down 0.66 per cent) too were trading with losses.Meanwhile, Parvati (up 4.93 per cent), Sir Shadi Lal Enterprises (up 4.81 per cent), Simbhaoli Sugars (up 4.47 per cent), Indian Sucrose (up 4.08 per cent), Riga Sugar Company (up 4 per cent), Empee Sugars & Chemicals (up 2.91 per cent), Bannari Amman Sugars (up 1.38 per cent) and EID Parry (up 1.17 per cent) were trading higher.The NSE Nifty50 index was trading 73.80 points up at 11,996.50 while the 30share BSE Sensex was up 264.83 points at 40,049.35 at around 02:30 pm.YES Bank (up 5.19 per cent), Zee Entertainment Enterprises (up 3.22 per cent), Oil And Natural Gas Corporation (up 2.98 per cent), IndusInd Bank (up 2.64 per cent) and Vedanta (up 2.60 per cent) were among the top gainers in the Nifty pack.On the other hand, Indiabulls Housing Finance (down 7.49 per cent), Sun Pharmaceutical Industries (down 2.52 per cent), Mahindra & Mahindra (down 1.41 per cent) and Tech Mahindra (down 0.77 per cent) were trading in the red.


Source: Economic Times June 11, 2019 09:11 UTC



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