The long-term trend of the stock is bullish as it is trading above its 200-DEMA and the upside move in the last couple of sessions from its support with marginally higher volume suggests strength in its primary trend.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20