In the last few years, sugar stocks have not had it so sweet. However, ever since sugar prices have rallied investors are chasing sugar stocks. Here are a list of 7 sugar stocks that have hit new 1-year highs in trade today.
Dharani Sugars hit a new 52-week high of Rs 70.75 in trade today. The stock is down 7% after hitting the new high.
Increase in sugar prices is set to boost financial health for these companies.
Uttam Sugars has also hit a 52-week of Rs 98, though the stock is currently down. Some profit taking has happened in the counter.
The company had made a loss in the Dec quarter, but reported profits in the March quarter.
Ugar Sugars saw a superb rally yesterday and hit a new 52-week high in trade today. It hit 52-week high of Rs 63.40 today and is now 10% down at the lower end of the circuit filter.
KCP Sugars hit a 52-week high of Rs 43.60 and was still up another 3 per cent in trade. The stock was last trading at Rs 42.05 on the NSE.
The company has been able to report small profits in the last quarter.
Mawana Sugars was another stock that has been seeing sweet gains in the last few days. The stock hit a 52-week high of Rs 71 in trade today, but has fallen 4 per cent.
Rana Sugars hit a 52-week high of Rs 11.90 and was still up almost 20 per cent. The stock may hit the upper end of the circuit filter as there are heavy buyers in the counter.
Shakthi Sugars is another stock that has rallied and his hit a new 52-week high.