Sugar stocks rise as cabinet may decide decontrol this week

Sugar stocks were on buyers' radar on Monday after on an expected Cabinet meeting to decide sugar decontrol this week.

"We have sent cabinet note on sugar decontrol," Thomas added.

In an interview with CNBC-TV18 on February 27, the minister said the government already started working on two key recommendations by the C Rangarajan committee- regulated release mechanism and levy sugar obligation .

The expert panel, headed by PMEAC Chairman C Rangarajan, had recommended immediate removal of two major controls - regulated release mechanism and levy sugar obligation in October 2012

Bajaj Hindusthan , Dwarikesh Sugar and Simbhaoli Sugar rallied more than 2 percent while Dhampur Sugar and Sakthi Sugar were up 3 percent each.

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