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VERIFIEDET Markets·positive
Sugar stocks Balrampur Chini, Dhampur Sugar, Dalmia Bharat Sugar, others rally up to 7%. Here’s why
AI Summary
- ·Sugar stocks rallied up to 7% on Thursday.
- ·Domestic sugar prices have climbed 8-10% in the past month, reaching a seven-year high.
- ·Factors contributing to the price increase include rising global sugar prices, supply concerns in Brazil, higher ethanol blending, and weather-related risks.