Page 2 - Balrampur Chini Mills

Sugar shares in demand; Triveni, Dhampur, Balrampur surge up to 11%

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

Osho Krishan expects bullish bias in Balrampur Chini, Dr.Reddy's, Whirlpool

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

Sugar stocks rally up to 8% post strong Q2 results by Dwarikesh Sugar

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

Sugar stocks sweeten: Triveni, Dalmia, Balrampur, Uttam Sugar gain up to 5%

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

These 5 sugar stocks can jump up to 25% in coming sessions; time to buy?

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

Balrampur Chini Mills soars 8%, hits record high on share buyback plan

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

Sugar stocks extend rally; Balrampur, Triveni, EID Parry hit record highs

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 Q4 consolidated profit down 2.46% at Rs 235.50 cr

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

Dhampur, Dwarikesh: Breakout in sugar stocks has room for more upside

Most brokerages have a positive stance on India's sugar industry as it appears well poised to benefit from global and domestic factors

Sugar shares rally in a weak market; Balrampur Chini surges 9%

The industry is undertaking huge capacity expansion programmes to meet the ethanol requirement of 10 billion litre by 2025

Balrampur Chini zooms 8% in a weak market; stocks rallies 18% in 4 days

In the past one month, Balrampur Chini Mills has outperformed the market by surging 27 per cent, as compared to 0.88 per cent rise in the S&P BSE Sensex

Most sugar stocks rise in trade; Shree Renuka Sugars gains over 3%

According to Crisil, sugar offtake in the current sugar season is expected to remain more or less at last season levels despite the Covid-19 pandemic

Balrampur Chini gains 5% post Q4 results, share buyback announcement

The company announced a buyback of 10 million shares at Rs 180 per share via tender offer

Balrampur Chini extends gain as Icra reaffirms rating; soars 74% in 9 days

While the current lockdown is likely to result in some slowdown in demand from institutional customers, a significant impact on the operating performance appears unlikely, the rating agency said.

Balrampur Chini up 10% as ICICI Bank buys stake in NBFC arm

ICICI Bank has invested Rs 51 crore in Auxilo Finserve by way of subscribing 34.06 million equity shares, constituting 9.90% of its equity share capital at Rs 15 per share.

Sugar stocks rally for second straight day; Balrampur Chini hits 13-yr high

Balrampur Chini Mills surged 5% to Rs 183, to quote at its highest level since May 2006. In the past month, it has outperformed the market by zooming 24%, as compared to a 1% rise in the Sensex

Balrampur Chini trades near 52-week high; stock gains 6% in two days

The stock has outpaced the market by surging 15 per cent from its recent low of Rs 142, touched on November 22. In comparison, the S&P BSE Sensex was up 1 per cent during the same period.

Balrampur Chini Mills approves buyback of shares for up to Rs 990 mn

The buyback would be subject to applicable statutory approvals

Limited upside for Balrampur Chini from here on

May see better volumes, but limited upside on realisations will keep its shares under check

Negligible debt and scale make Balrampur Chini most profitable

It is unusual for a sugar company. But Kolkata headquartered Balrampur Chini made history last year by earning profit of Rs 592 crore, a manifold increase over the Rs 100 crore it earned in FY16, helped by a surge in realisations. The Saraogi family promoted company, however, is not the largest domestic producer of the sweetener. That position is held by Bajaj Hindusthan.Against Balrampur's production of 0.9 million tonnes in 16/17 sugar year (October-September), Bajaj made 1.34 million tonnes. But debt ridden Bajaj posted an annual loss of Rs 92 crore in FY17 (on revenues of Rs 4,633 crore) even though it earned a Rs 259 crore profit in the fourth quarter.Balrampur is not even the biggest in terms of revenue. The biggest by revenue is Renuka Sugars which also has sugar operations in Brazil. The company clocked revenue of Rs 11,944 crore in FY17 but reported a loss of Rs 1,039 crore. Renuka also produces more sugar than Bajaj if we include Brazilian operations. Owing to higher debt, ..