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Friday, October 12, 2012

Sugar shares in demand
Shree Renuka Sugar Ltd moved to Rs.37.90, before closing at Rs.36.30
Thirteen sugar shares rose by 0.06% to 6.1% at 13:37 IST on BSE on reports a committee has recommended scrapping the mandatory norm of buying 10% of sugar mills' output for supplies to the poor.
DCM Shriram Industries (up 6.1%), Simbhaoli Sugars (up 4.98%), Dhampur Sugar (up 4.33%), Rana Sugars (up 4.26%), Oudh Sugar Mills (up 2.8%), Sakthi Sugars (up 2.58%), Balrampur Chini Mills (up 2.48%), Empee Sugars (up 1.8%), Bajaj Hindusthan (up 1.54%), Dwarikesh Sugar Industries (up 1.13%), Triveni Engineering & Industries (up 0.85%), Shree Renuka Sugars (up 0.54%) and EID Parry India (up 0.06%), edged higher.
The BSE Sensex was down 64.45 points, or 0.34% at 18,740.30.
According to reports, the panel headed by C. Rangarajan, who is also the chairman of the prime minister's economic advisory council, has submitted the report to Prime Minister Manmohan Singh, recommending to lift curbs in the sugar sector.
Currently, the government imposes restriction to moderate prices in the domestic markets.