Sugar shares under pressure, decline up to 7%; Balrampur Chini at 2022 low

Shree Renuka, Dwarikesh, Triveni Engineering, Uttam Sugar, Dhampur Sugar and Dalmia Bharat Sugar are down in the range of 2 per cent to 7 per cent on the BSE.

Shares of sugar companies were under pressure, falling up to 7 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes. Balrampur Chini Mills (BCML) and Shree Renuka Sugars were down 6 per cent and 7 per cent, respectively.

Dwarikesh Sugar Industries, Triveni Engineering & Industries, Uttam Sugar, Dhampur Sugar Mills and Dalmia Bharat Sugar were down in the range of 2 per cent to 4 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.25 per cent at 58,707 at 01:42 pm.

Among the individual stocks, Balrampur Chini traded at its