Balrampur Chini Mills Ltd up by 9.57%: Traders Market Update | Espresso

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Espresso shot of the day – Balrampur Chini Mills Ltd up by 9.57 percent

April 15, 2021
Espresso shot of the day – Balrampur Chini Mills Ltd up by 9.57 percent

BALRAMPUR CHINI MILLS LTD 260.45 (+9.57%) BSE – INE119A01028 | 15TH APRIL 2021

India is the second largest sugar producer and the largest sugar consuming country in the world; Balrampur Chini Mills Ltd. is one of India’s largest integrated sugar manufacturing companies. What makes Balrampur Chini Mills Ltd. (BCML) special is that it is more than a sugar company; it is also engaged in the ancillary businesses of ethanol manufacture and co-generation. The Company’s 10 factories in Uttar Pradesh possess: An aggregate cane crushing capacity of 76,500 tonnes per day, Distilleries possessing an aggregate capacity of 520 kilolitres per day, Saleable co-generation capacity of 165.20 megawatts.

Recent Drivers

  • On 13th April 2021, Balrampur Chini Mills Ltd.s' board approved a higher investment of Rs 425 crores for a new distillery plant of 320 kilolitres per day (KLPD), which is expected to commence by December 2022.
  • Shares of Balrampur Chini Mills Ltd. have rallied because of the subsidy announced in December 2020 and a strong momentum in exports. With the government’s aggressive stance on increasing ethanol blending with petrol to levels of 20% by 2025, the industry is undertaking huge capacity expansion programmes to meet the ethanol requirement of 10 billion litre by 2025.
  • On 11th February 2021, Balrampur Chini Mills Ltd. announced interim dividend of Rs 2.50
  • Balrampur Chini Mills Ltd. reported Quarterly Net Profit at Rs 22.40 crores in December 2020.
  • Balrampur Chini Mills Ltd. reported net sales at Rs 1,072.17 crores in December 2020.

(Sources: CNBCTV-18, Business Standards, Moneycontrol, BSEIndia)

Technical Force*

  • S&P BSE 500 month till date gain up by -0.60%
  • Traded on new 52 week high value 272.05
  • Spurt in volume by more than 3.59 times compares to previous vol. 3 months avg. Qty – 1,34,758
  • Quantity traded 10,93,909 Deliverable quantity 2,85,949 (26.02%)
  • Stock price has jumped more than 220% from one year low level – 82.85, 20 May 2020
  • Daily RSI (14) is in overbought territory today
  • 52 -week high – 272.05 | 52- week low- 82.85

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

348.03

271.52

221.83

145.32

95.63

19.12

-

-

Fibonacci Pivot

271.52

223.31

193.53

174.34

145.32

116.29

97.11

67.33

19.12


Today’s Close

260.45

SMA

BSE

10 DAY

225.39

20 DAY

215.50

50 DAY

193.58

200 DAY

163.89

Some Key Ratios (Source: BSE)

Market Cap: 5,469.45 crores

PE: 11.72

OPM%: 3.96

ROE%: 19.82

Promoters holding : 41.21

Prev. Close: 237.70

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.