EID Parry (India) Ltd witnessed volume of 26.38 lakh shares by 14:14 IST on NSE, a 8.26 times surge over two-week average daily volume of 3.20 lakh shares
Polyplex Corporation Ltd, Persistent Systems Ltd, JTEKT India Ltd, MOIL Ltd are among the other stocks to see a surge in volumes on NSE today, 30 April 2021.
EID Parry (India) Ltd witnessed volume of 26.38 lakh shares by 14:14 IST on NSE, a 8.26 times surge over two-week average daily volume of 3.20 lakh shares. The stock increased 8.79% to Rs.352.00. Volumes stood at 2.54 lakh shares in the last session.
Polyplex Corporation Ltd registered volume of 4.53 lakh shares by 14:14 IST on NSE, a 8.19 fold spurt over two-week average daily volume of 55287 shares. The stock rose 11.12% to Rs.964.75. Volumes stood at 94338 shares in the last session.
Shares of sugar companies, on Monday, were in focus at the bourses, with Balrampur Chini Mills, EID Parry, Dwarikesh Sugar Industries, Dhampur Sugar Mills, and Dalmia Bharat Sugar and Industries rallying up to 7 per cent on improved sector outlook. In comparison, the S&P BSE Sensex was up 0.44 per cent at 50,625 points, at 11:51 am.
Last week, Prime Minister Narendra Modi said the target of blending 20 per cent ethanol in petrol advanced to 2025 from 2030 earlier. Ethanol is expected to be a key driver for the sugar industry.
The sugar sector has seen structural changes with rational alterations in the government’s policies, and flexibility provided, as diversion of surplus cane and B-heavy molasses is now allowed to produce ethanol that can be used for blending with petrol. In addition, differentiated pricing for ethanol (based on raw material) is quite attractive and has the potential to significantly reduce the cyclical nature of the sector because of the sustainable business
Read more about EID Parry (India) allots 24,879 equity shares under ESOS on Business Standard. Consequent to said allotment, the issued, subscribed and paid up equity shares capitalof the Company would be increased from Rs. 17,70,76,696 to Rs. 17,71,01,575 ofequity shares of the face value of Re.1/- each.
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