Balrampur Chini Mills

Select sugar stocks like Balrampur Chini, Dwarikesh Sugar and Renuka had jumped up to 6-fold post the Covid-19 decline; However, off late the stocks have corrected sharply post export limitations.

Analysts believe that the government's curb on 10 metric ton sugar exports would not cause a major impact as their expectation was lower than the limit for this year.

Stocks to Watch Today: Sugar and FMCG stocks likely to be in focus as govt limits sugar exports and exempts customs duty on agri cess. Apollo Hospitals, Bata, Coal India and Nalco to report results.

Total income increased to Rs 1,291.37 crore in the fourth quarter of the last fiscal. It stood at Rs 1,027.24 crore in the corresponding period of the previous year

The derivative analyst from HDFC Securities recommends buying Balrampur Chini April 520 CALL and simultaneously selling 520 CALL.

Sugar stocks rallied up to 11 per cent on the BSE in Friday's intra-day trade on strong outlook and foreign institutional investors (FIIs) interest.

With Nickel, Gold and wheat also hitting multi-year highs like Crude Oil, these five commodity related shares are likely to witness strong gains, indicate charts.

Major sugar stocks are ready to claim new bullish territory

Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs

According to CRISIL, sugar mills are expected to see both revenue and profitability improve in the 2022 season (SS 2022; October 2021 to September 2022).

The company has received total orders of 157,100 kilo litres for supplying ethanol to both public sector and private sector oil marketing companies (OMCs).

ICICI Securities believe domestic as well as global sugar prices would remain firm at least for next one year

Tight global demand-supply situation, favourable government policies and continuous push for higher blending will keep the inventory levels under control and sugar prices firm

According to the technical analyst from Anand Rathi, most technical indicators are in favour of the bullish bias for these three stocks

Balarmpur Chini, Triveni Engineering, Shree Renuka, Dhampur Sugar, Dalmia Sugar and Avadh Sugar gained in the range of 4 per cent to 8 per cent in Tuesday's intraday trade

India's sugar export rose 20 per cent to an all-time high of 7.1 million tonne in the 2020-21 in the marketing year ended ended September 2021 on the back of better demand and financial assistance fro

Any further development regards to the increase in sugar price can push the stocks higher in a short span of time

The board of directors of Balrampur Chini Mills is scheduled to meet on Monday, August 9, 2021, to consider buyback of equity shares of the Company

Triveni Engineering hit a record high of Rs 198 as the scrip rallied 18 per cent today, taking its gains to 31 per cent in the past two trading days

Balrampur Chini Mills on Tuesday reported a 2.46 per cent decline in consolidated profit during the quarter ending March 31, at Rs 235.50 crore compared to the same period of the last financial year