An analyst from LKP Securities said that Balrampur Chini Mills has given a swing high breakout on the weekly chart, suggesting a rise in optimism, with weekly RSI in bullish crossover.
Sugar sector Q1 preview: A 5 per cent growth in sugar price and 10-13 per cent rise in blended distillery realisation would partly offset the loss of lower volume and input cost pressures, Elara Securities said.
Balrampur Chini Mills shares: Elara Securities said the notification was a one-off event and is valid between November 2023 and October 2024; hence, it says there will be impact only on H2FY24-H1FY25 financials.
Sharekhan maintained its ‘Buy’ ratings on Balrampur Chini Mills Ltd, Dhampur Sugar Mills Ltd, Triveni Engineering Industries Ltd and Dhampur Bio Organics Ltd for now.
Dalmia Bharat Sugar and Industries Ltd tanked 4.34 per cent to Rs 414.45. Balrampur Chini Mills Ltd tanked 3.98 per cent to Rs 414.15. Dwarikesh Sugar Industries Ltd was down 2.76 per cent at Rs 87.53.
Aurobindo Pharma, Balrampur Chini among ex-dividend stocks in Top News on November 20: Last day to subscribe to Arrowhead Seperation Engineering IPO, Stock market, Bank Nifty, Q2 Results also in focus
Sugar stocks have rallied up to 40% in the last one month. Major sugar stocks, including Balrampur Chini Mills, Dalmia Bharat Sugar, Triveni Engineering and Dwarikesh Sugar jumped as much as 12% on Thursday to hit 52-week highs. Will the rally in Sugar stocks turn sweeter, and should you buy sugar stocks? Watch this Visual Story to see what analysts say.
Balrampur Chini has decisively surpassed major resistances of Rs 420 and Rs 430, respectively, amid huge volumes, making room for further upside in coming sessions.
Shares of Zensar Technologies have plunged 59.68 per cent year-to-date. Small individual investors, holding up to Rs 2 lakh worth shares, accounted for 19.76 per cent stake in this company as of September 30