Balrampur Chini Mills, incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 8284.02 Crore) operating in Sugar sector.
Balrampur Chini Mills key Products/Revenue Segments include Sugar, Alcohol (Industrial), Power, Bagasse, Export Incentives, Others for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.Vivek Saraogi, Mr.Naresh Dayal, Mr.D K Mittal, Mr.Krishnava Dutt, Ms.Veena Hingarh, Ms.Mamta Binani. Company has Lodha & Co. as its auditors. As on 30-09-2022, the company has a total of 20 Crore shares outstanding.
Investment Rationale
The stock on the weekly chart has decisively broken out above the “falling channel” pattern as well as “Multiple resistance zone”. The stock is forming a higher high-low on daily chart. This formation indicates a positive uptrend.
Promoter/FII Holdings
Promoters held 42.42 per cent stake in the company as of 30-Sep-2022, while FIIs owned 19.07 per cent, DIIs 18.2 per cent.
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