Triveni Engineering, Bullish trend

Triveni Engineering, Bullish trendSugar stocks lifted up athwart the panel on information a significant overseas brokerage has improved its vision on the Indian sugar business to appealing from heedful.

Triveni Engineering & Industries which is up by 4.70%, EID Parry (India) trailing up by 2.94%, Bajaj Hindusthan Sugar and Industries moving up by 2.35%, Bajaj Hindusthan elevating at 2.01%), Simbhaoli Sugars Mills with uptrend by 1.90% and DCM Shriram Industries up by 1.06%, inclination.

The overseas broker also lifted its ranking on Shree Renuka Sugars and Balrampur Chini Mills to heavy from Malnourished. The brokerage hoisted up its share-price approximation for Balrampur Chini to Rs 129 from Rs 57 prior and augmented its estimation for Shree Renuka's shares to Rs 109 from Rs 43 prior.

Further Balrampur Chini Mills was trailing up by 4.01% to Rs 92 and Shree Renuka Sugars was moving up by 3.16% at Rs 84.90.

The suggestions made by the reports that the current improvement in the sector has swayed in mostly on the account of the government's verdict to recommence trading in sugar futures from the month of November or December. The deferral on sugar futures dealing closes on 30 September 2010.

It might be reminded that the government prohibited the sugar futures dealing in May 2009, firstly for seven months, as prices pointed due to a fabrication deficit.