Buy Balrampur Chini Mills; target of Rs 495: Sharekhan
Sharekhan is bullish on Balrampur Chini Mills has recommended buy rating on the stock with a target price of Rs 495 in its research report dated September 27, 2023.
F&O Ban: Canara Bank among 5 stocks under ban on Tuesday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.
F&O Ban: Balrampur Chini among 8 stocks under ban on Friday. Chambal Fertilizers exits
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
F&O Ban: BHEL, IEX among 10 stocks under ban on Wednesday
Indian frontline indices fell on Monday amid profit-selling pressure in bank, IT and metals stocks. The S&P BSE Sensex snapped its 11-session winning streak as it ended at 67,596.84, down by 241.79 points or 0.36%. The broader Nifty50 fell by 69.80 points or 0.35% to close at 20,122.55. Meanwhile, banking gauge Nifty Bank settled at 45,942.65., lower by 288.85 points or 0.62%.
F&O Ban: ZEEL, REC among 10 stocks under ban on Monday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Maharashtra sugar output set to fall to lowest in 4 yrs after dry August
The western state of Maharashtra, which accounts for more than a third of India's sugar output, could produce 9 million metric tons in the 2023/24 season (which begins on Oct. 1), down from 10.5 million tons in 2022/23, said B.B. Thombare, president of the West Indian Sugar Mills Association.
Balrampur Chini bullish on growth, government push on ethanol
E20 is blending of 20 per cent ethanol in petrol for use in vehicles by 2025. This is expected to double the demand for ethanol from 400 crore litres in the current fiscal to 800 crore litres in the next year. Earlier the government preponed the time from 2030 to 2025 for the change in the ethanol percentage in fuel for vehicles.
Sugar stocks surge up to 10% on firm price forecasts
Avadh Sugar & Energy surged 10%. Uttam Sugar Mills, Dalmia Bharat, Shree Renuka Sugar, and Dhampur Sugar Mills rose between 5% and 6%. Balrampur Chini and Bajaj Hindusthan moved up by 1-2%.
Sugar stocks jump up to 5% amid fears of production drop; Rana Sugar, Renuka top gainers
The gains have been on the back of over 3% jump in the price of sugar in a fortnight to their highest level in six years. A Reuters report quoted traders and industry officials attributing limited rainfall in the country's key growing regions to be the reason for this panic hinting a fall in production in the upcoming season.
F&O Ban: Delta Corp, India Cements among 6 stocks under ban on Wednesday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
GIFT Nifty up 9 points; here's the trading setup for today's session
Oil prices spiked more than 1% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined 1.3 million barrel per day (bpd) reduction for another three months through December.
Indian sugar production concerns drive local prices to 6-year high
Sugar prices in India have surged over 3% in the past two weeks to their highest level in six years due to concerns over limited rainfall in key growing regions. This could lead to food inflation and discourage the Indian government from allowing sugar exports, supporting global prices. Sugar mills are worried about a potential fall in production in the upcoming season due to drought.
Buy Balrampur Chini Mills; target of Rs 475: Sharekhan
Sharekhan is bullish on Balrampur Chini Mills has recommended buy rating on the stock with a target price of Rs 475 in its research report dated August 07, 2023.
Auxlio Finserve raises Rs 470 crore from investors
The company's chief executive Neeraj Saxena said the fresh funds will be used by the company to expand its loan book. Bhanshali and Balrampur Chini continue to be majority shareholders in the company post the fund raise.
Bajaj Finance, Bandhan Bank among 10 stocks with Golden Crossover pattern. Know what it signifies?
This event signifies a shift in the stock's trend from bearish to bullish, potentially indicating a buying opportunity for investors. The crossing of these moving averages is believed to highlight a reversal in the stock's momentum and may signal the start of a new upward trend