Despite a brief rally in sugar stocks (between 20 per cent to 40 per cent during May 16 – June 1) ahead of the bailout package, most counters have seen a price erosion thus far in calendar year 2018 (CY18). Dhampur Sugar, Balrampur Chini Mills, Rajshree Sugars & Chemicals, Dalmia Bharat Sugar and Industries and Mawana Sugars have tanked in the range of 50 per cent to 55 per cent on a year-to-date basis. The S&P BSE Sensex has gained 3.3 per cent during this period.