Sugar company shares drop following duty-free import approval
Shares of Balrampur Chini Mills, Shree Renuka Sugars, and Dalmia Bharat Sugar dropped by as much as 2.88% following the government's decision to permit the duty-free import of 10 lakh tonnes of raw sugar through October 31. This initiative is intended to increase local availability and control rising prices. Additionally, a new 15-day stock limit imposed on bulk buyers is expected to help alleviate supply constraints.
by shortkt.com✓