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Strong sugar cos to benefit from export subsidy SECTIONS Share Synopsis Balrampur Chini closed down 3% at Rs 176.5, Dhampur Sugar was down almost a percent at Rs 177.70 while Triveni ended three fifths of a percent lower at Rs 78.45. Renuka Sugars was up 2.6% at Rs 13.75 and Eid Parry closed up 1.4% at Rs 342. Bannari Amman Sugars closed flat at Rs 1450. Cabinet approves Rs 3,500 crore subsidy for sugar farmers INSIGHTS NSE Explore Now MUMBAI: Sugar stocks ended on a mixed note in response to the government announcing an export subsidy Rs 5833 per tonne, which was more or less priced in by the market. Analysts said, however, that companies with strong balance sheets and better cane to sugar conversion ratio would outperform peers, as the move would put a lid on rising inventory levels.

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