Shares of sugar manufacturers and their allied companies continued their northward movement, ralling up to 75 per cent in the past one month on positive outlook, on Monday. The sugar industry, analysts say, is well poised to benefit from, both, global and domestic factors such as tight global demand-supply situation, favourable policies, push for higher ethanol blending in India and higher ethanol capacity addition.
Individually, Dhampur Sugar Mills, Praj Industries, Dwarikesh Sugar Industries and Triveni Engineering & Industries rallied in the range of 14 per cent to 19 per cent on the BSE in the intra-day trade on Monday while Dalmia Bharat Sugar and Industries, Uttam Sugar Mills, Avadh Sugar and Balrampur Chini Mills were up between 9 per cent and 10 per cent. In comparison, the benchmark S&P BSE Sensex was up 0.68 per cent.