iStockYes Securities has buy call on Mills with a target price of Rs 190. The current market price of Balrampur Chini Mills Ltd. is Rs 179.7.
Balrampur Chini Mills Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 3773.70 Crore) operating in Sugar sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1289.80 Crore, down 9.83 % from last quarter Sales of Rs 1430.34 Crore and up 50.51 % from last year same quarter Sales of Rs 856.97 Crore Company reported net profit after tax of Rs 73.96 Crore in latest quarter.
Investment Rationale
The series of ascending tops and bottoms remains intact. Long-legged bullish candle ensured the influence of support at play. On the higher side, it might revisit previous year’s high near Rs 195.
Promoter/FII Holdings
Promoters held 41.10 per cent stake in the company as of March 31, 2020, while FIIs held 22.64 per cent, DIIs 12.75 per cent and public and other 23.51 per cent.
Balrampur Chini Mills Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 3773.70 Crore) operating in Sugar sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1289.80 Crore, down 9.83 % from last quarter Sales of Rs 1430.34 Crore and up 50.51 % from last year same quarter Sales of Rs 856.97 Crore Company reported net profit after tax of Rs 73.96 Crore in latest quarter.
Investment Rationale
The series of ascending tops and bottoms remains intact. Long-legged bullish candle ensured the influence of support at play. On the higher side, it might revisit previous year’s high near Rs 195.
Promoter/FII Holdings
Promoters held 41.10 per cent stake in the company as of March 31, 2020, while FIIs held 22.64 per cent, DIIs 12.75 per cent and public and other 23.51 per cent.
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