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Sugar stocks gain; Simbhaoli Sugars rises 4%

Sugar stocks gained on Wednesday after Union Cabinet approved the subsidy for cane growers.

According to media reports, the Indian Cabinet gave its approval to give subsidies to sugarcane farmers for the produce they sell to sugar mills.

Simbhaoli Sugars Ltd (Merged) ended at Rs28.50 up by Rs1.35 or 4.97% from its previous closing of Rs27.15 on the BSE.

Balrampur Chini Mills Ltd is currently trading at Rs66.90 down by Rs3.1 or 4.43% from its previous closing of Rs70 on the BSE.

Rana Sugars Ltd is currently trading at Rs5.08 up by Rs0.13 or 2.63% from its previous closing of Rs4.95 on the BSE.

Dwarikesh Sugar Industries Ltd is currently trading at Rs25.05 down by Rs0.25 or 0.99% from its previous closing of Rs25.30 on the BSE.

KCP Sugar & Industries Corporation Ltd is currently trading at Rs23.65 down by Rs0.65 or 2.67% from its previous closing of Rs24.30 on the BSE.