Shares of Bajaj Hindusthan Sugar surged nearly 14 per cent on Bombay Stock Exchange amid spurt in volume trade. According to data available with exchange, as much as 18.05 lakh shares have changed hand over the counter as compared to two-week average of 17.07 lakh shares.
In the last two-week, the sugar stocks has rallied strongly after the Cabinet Committee on Economic Affairs (CCEA) approved a comprehensive policy package of Rs 55 billion on September 26, 2018.
Driven by volume trade, shares of the company gained as much as 13.87 per cent and touched an intra-day high of Rs 9.85 apiece on the Bombay Stock Exchange.
In a similar trend, stocks of the firm were trading at Rs 9.60 apiece, up 10.98 per cent, on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 34,456.81, down 17.57 points, or 0.05 per cent, from the previous close on the BSE at 11:50 hours.