Sugar stocks continued their bull run on Wednesday amid concerns of lower output, fear of tighter supply and higher sugar prices. Shares of Balrampur Chini Mills and Sakthi Sugars jumped 10 per cent. Balrampur shares rallied 10.53 per cent to ₹566.80 on the BSE as at 12.49 pm.
On Tuesday, the industry body Indian Sugar and Bio-Energy Manufacturers Association (ISMA) affirmed sufficient availability for the ongoing 2024-25 (October to September) marketing season, dispelling concerns of potential shortages and supply constraints.
“Despite reduced output in some regions, the association assures that sugar availability will comfortably meet domestic demand,” ISMA added.
ISMA recently revised the net production estimates downward to 264 lakh tonne in the current marketing year ending September.
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As of March 15, 2025, India had produced approximately 238 lakh tonnes of sugar, with around 200 sugar mills (38 per cent of the total mills) still operational, it said.
The sugar body is also optimistic about the upcoming 2025-26 season due to favourable weather conditions and improved planting.
At the time of writing, Sakthi Sugars jumped 9.29 per cent to ₹23.65. Uttam Sugar surged 5.53 per cent to ₹243.50 and Avadh Sugar were up 3.33 per cent to ₹437.55. EID Parry rose 2.61 per cent to ₹760.75 and Dalmia Bharat gained 1.57 per cent to ₹1,741.60.
Dwarikesh Sugar Industries soared 5.71 per cent to ₹41.27, Magadh Sugar surged 5.75 per cent to ₹584.20 and Bajaj Hindustan Sugar surged 5.79 per cent to ₹20.46. Shree Renuka Sugar and Rana Sugars also soared over 5 per cent
