Bajaj Hindusthan Sugar Ltd on Friday posted a consolidated net profit at ₹20.28 crore in the third quarter for FY24, against net loss of ₹122.87 crore in the second quarter this fiscal year.
Bajaj Hindusthan Sugar share price: The stock soared 19.21 per cent to hit a 52-week high of Rs 34.88. At this price, the multibagger scrip has ascended by more than 200 per cent in a year.
With the news of NCLT s dismissal of petition against Bajaj Hindusthan Sugar, the company s shares witnessed a 2 percent surge, trading at Rs 23.99 at 1.15 PM, reflecting the positive sentiment surrounding the company.
Sugar Stocks news: Sugar stocks surge as Uttar Pradesh government expected to increase State Advisory Price for sugarcane. Rising crude oil prices and weakening rupee also contribute to the increase.