Shares price of Varun Beverages (VBL) rallied over 10% in intraday trade on Wednesday to hit a fresh all-time high. The positive momentum resumed after the breakout of fortnightly consolidation with huge volume suggesting the strength of the trend. The histogram contracted on the downside to move towards the zero line, which leads to an upward slant.
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