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Shares of sugar companies climbed sharply on Friday, thanks to a rebound in raw sugar prices in the global commodities market.
Sugar companies have witnessed a turnaround in their financial performance in the June 2016 quarter with 23 companies reporting combined net profit of ₹326 crore
Firms from the banking and finance spaces such as Axis Bank, Federal Bank, Vijaya Bank, Equitas Holdings, L&T Finance Holdings and M&M Financial Services will announce their April-June results on Friday. Besides, Atul, DB (Intl), Hindustan Composites, Hinduja Ventures, Oriental Carbon, Parrys Sugar Industries, KSB Pumps, Rane (Madras), Praj Industries, Sanofi India, Rallis India, Thyrocare Tech, TIL and Tata Metaliks will also declare thier financials on Friday.