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BALRAMCHIN Share Price Discussion

Balrampur Chini Mills Ltd.
NSE: BALRAMCHIN | BSE: 500038 | ISIN: INE119A01028 | Sector: Sugar

Sugar stocks rally for second straight day; Balrampur Chini hits 13-yr high - Business Standard
27-Dec-2019 01:18:09 PM
Shares of sugar manufacturers extended their rally for the second day in a row, with sector giant Balrampur Chini Mills hitting 13-year high on Friday on the BSE. Lower cane crushing and subsequent decline in sugar production has led to sugar stocks ralling in the past few sessions.
Balrampur Chini Mills surged 5 per cent to Rs 183 in the intra-day trade, to quote at its highest level since May 2006. The stock had hit an all-time high of Rs 205 on April 2006. In the past one month, it has outperformed the market by zooming 24 per cent, as compared to a per cent rise in the S&P BSE Sensex.
Dwarikesh Sugar Industries, meanwhile, rallied 8 per cent to Rs 31.90 today, soaring 17 per cent in the past two trading days. The stock was trading close to its 52-week high level of Rs 32.95, touched on March 7, 2019.
That apart, Dalmia Bharat Sugar and Industries, Dhampur Sugar Mills, Ravalgaon Sugar Farm, Avadh Sugar & Energy and Mawana Sugars were up in the range of 2 per cent to 5 per cent on the BSE.
“India sugar production is down 35 per cent year on year (YoY) at 4.58 mn tonne as on 15 December. This drop in production is primarily due to a sharp decline in sugar production in Maharashtra and Karnataka,” industry body Indian Sugar Mills Association (ISMA) said in its latest press release.
Reduction in sugar inventories, say analysts at ICICI Securities, in the next six months, could result in robust cash flow from operations for Balrampur Chini Mills. They have ‘buy’ rating on with price target of Rs 210 per share.
“The sugar industry is going through a transformation with the introduction of MSPs & increasing level of ethanol blending programme. With increasing ethanol volumes, prices and higher export this year, we believe the company would be able to aggressively liquidate its inventory. This, in turn, would result in additional free cash flows and further de-leverage its balance sheet,” the brokerage firm said in company update.
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NSE:BALRAMCHIN price when posted: 183.15
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Reputation: 3,973 • Yesterday 4:38 AM
After a strong Q4 FY20, these 5 companies can return 10-30%
The brokerage now expects Nifty earnings to grow at a CAGR of 16 percent over FY20-22, albeit on a low base and values the Nifty at 10,300 i.e. 1.2x PEG on FY22E EPS of Rs 543 with corresponding Sensex target placed at 34,800.
Moneycontrol
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Reputation: 3,973 • Jun 26 5:01 AM
Buy Balrampur Chini, target price Rs 176: ICICI Direct
The brokerage expects operating cash flow generation of Rs 660 crore & Rs 670 crore in FY21E & FY22E respectively.
The Economic Times
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Reputation: 3,973 • Jun 25 8:33 AM
Buy Balrampur Chini; target of Rs 176: ICICI Direct
ICICI Direct is bullish on Balrampur Chini recommended buy rating on the stock with a target price of Rs 176 in its research report dated June 25, 2020.
Moneycontrol
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BALRAMPUR CHINI NET PROFIT 240 CR VS 290 CR

BALRAMPUR CHINI BUYBACK 1 CR SHARES AT Rs 180
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Reputation: 3,973 • Jun 24 4:03 AM
Balrampur Chini Standalone March 2020 Net Sales at Rs 1,740.05 crore, up 31.09% Y-o-Y
Moneycontrol
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