Shares of sugar companies, on Thursday, rallied up to 9 per cent on the BSE in intra-day trade in an otherwise weak market on expectation of improved earnings growth in the March quarter (Q4FY21). The improvement is expected to come on the back of the subsidy announced in December 2020 and a strong momentum in exports.
Balrampur Chini Mills, Uttam Sugar Mills, Dalmia Bharat Sugar and Industries, Dhampur Sugar Mills, EID Parry (India), Dwarikesh Sugar Industries and Triveni Engineering & Industries were up in the range of 4 per cent to 9 per cent on the BSE. In comparison, the S&P BSE Sensex was down 0.69 per cent at 48,215 points, at 10:44 am.
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Aditya Agarwala of YES Securities said, “The index has taken support at 14,300 level. The lower end of the broad trading range, which also happens to be the trendline support.”
Mazhar Mohammad of Chartviewindia.in said that a smart recovery from day s low of 14,353 levels depicted a Hammer-like formation, as the bulls tried to chalk out a near-term bottom around 14,300 level.
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NEW DELHI: Nifty had a gap-up opening on Thursday and traded in a volatile range before making a 230-points rebound to close higher for the second consecutive day. The headline index formed a hammer-like pattern on the daily chart.
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FMCG stocks were trading in the positive zone, with the S&P BSE FMCG Sector index rising 139.42 points or 1.08% at 13085.32 at 09:49 IST. Among the components of the S&P BSE FMCG Sector index, S H Kelkar & Company Ltd (up 7.01%), Gujarat Ambuja Exports Ltd (up 5.28%),Dalmia Bharat Sugar & Industries Ltd (up 4.22%),Dhampur Sugar Mills Ltd (up 3.98%),Balrampur Chini Mills Ltd (up 3.91%), were the top gainers. Among the other gainers were Avadh Sugar & Energy Ltd (up 3.86%), L T Foods Ltd (up 3.2%), Uttam Sugar Mills Ltd (up 3.17%), Dwarikesh Sugar Industries Ltd (up 2.43%), and Zydus Wellness Ltd (up 2.27%). On the other hand, Future Consumer Ltd (down 2.29%), Agro Tech Foods Ltd (down 1.51%), and United Breweries Ltd (down 1.27%) moved lower.
Dhampur Sugar Mills Ltd to restart accepting Fixed Deposits
Posted On: 2021-04-08 04:56:10 (Time Zone: Arizona, USA)
The Board of Directors of Dhampur Sugar Mills Ltd in its meeting held today i.e. 08th April, 2021, has considered and reapproved acceptance of Fixed Deposits by the company in terms of resolution passed by the shareholders in Annual General Meeting held on 29th September, 2020. Accordingly, discontinuity in accepting deposits, as informed vide our letter dated 02nd February, 2021 is lifted now and the Company will accept deposits.
Shares of DHAMPUR SUGAR MILLS LTD. was last trading in BSE at Rs.191.85 as compared to the previous close of Rs. 176.3. The total number of shares traded during the day was 61854 in over 1670 trades.