Espresso Shot of the Day - Balrampur Chini Mills Limited up by 5.36%

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Espresso Shot of the Day - Balrampur Chini Mills Limited up by 5.36%

December 29, 2021
 Espresso Shot of the Day - Balrampur Chini Mills Limited up by  5.36%

BALRAMPUR CHINI MILLS LTD 361.50 (+5.36%) BSE – INE119A01028 | Dec 29, 2021


Balrampur Chini Mills Limited founded in 1975, is one of the largest sugar manufacturing company in India. It is one of the first sugar companies in the country to diversify its business from sugar to distillery and cogeneration. With a deep and profound sectorial understanding, the Company’s innovative approach to manufacturing has enabled it to successfully create a wide range of co-products ranging from Molasses, Alcohol, Ethanol and Bagasse to Power Generation. The Company’s aspirations and vision are led by Mr. Vivek Saraogi. He is the former President of the Indian Sugar Mills Association and has also worked as committee member of FICCI and the Indian Chamber of Commerce in Kolkata. His stewardship enabled the Company to soar to new heights.

Recent Drivers

  • On Dec 21, 2021, The company announced that it had received total orders of 157,100 kilo litres for supplying ethanol to both public sector and private sector oil marketing companies (OMCs).
  • On Nov 26, 2021, CRISIL (the Credit Rating Agency) has upgraded the long-term ratings to CRISIL AA+/Stable from CRISIL AA/Positive. Further, CRISIL has reaffirmed the short-term rating as CRISIL A1+.
  • On Nov 9, 2021, The Company has reported Net Sales at Rs.1, 213.83 crore in September 2021.
  • On Nov 9, 2021, The Company has reported Quarterly Net Profit at Rs.83.10 crore in September 2021 up 6.13% from Rs.78.30 crore in September 2020.
(Sources: Business Standard, BSE, Moneycontrol)

Technical Force*

  • S&P BSE 500 month till date gain up by 1.38%
  • 3 months avg. NSE volume: 12,59,935
  • Quantity traded: 3, 46,216 | Deliverable quantity: 1, 88,601 (54.47%)
  • Stock price has jumped more than 130% from one-year-low level: 156.45 (Feb 3, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 398.25 | 52-week-low: 156.45

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

361.50

SMA

BSE

10 DAY

326.88

20 DAY

326.91

50 DAY

327.32

200 DAY

321.85


Some Key Ratios (Source: BSE)

Market Cap:  7376.05 Crores

PE: 16.88

OPM%: 11.47

ROE%: 16.59

Promoters holding%: 42.42

Prev. Close: 343.10


*Chart and Technical Force data 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.