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This is an archive article published on March 5, 2012

UP sugar cos up as SP win looms

Shares of sugar refiners in UP rose as exit polls predict SP win in elections.

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Shares in sugar refiners based in India8217;s Uttar Pradesh state Bajaj Hindusthan and Balrampur Chini rose,after voter surveys indicated the Samajwadi Party SP is likely to get the largest number of seats in the state elections,two dealers said.

The results of the elections will be known on Tuesday.

We can buy call option of UP sugar stocks Balrampur Chini amp; Bajaj Hindustan as the SP is more favourable to the industry than the rival Bahujan Samaj Party BSP,said Sunil Kumar Arora,country product head of futures and options at Kantilal Chhaganlal Securities.

At 10:20 a.m,shares of Bajaj Hindusthan were up 3.13 percent at 36.25 rupees and Balrampur Chini 1.37 percent at 55.35 rupees.

Stocks More on Bajaj Hindusthan

Company INFO More on Balrampur Chini

 

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