BUY – Balrampur Chini share Price Movement
About : Balrampur Chini Mills Ltd
Balrampur Chini Mills Limited (‘BCML’) is the second largest sugar manufacturing company in India with a significant strength in the manufacture of downstream products like power (co-generation) and ethanol.
‘BCML’ was incorporated in 1975 as a wholly-owned subsidiary company of Balrampur Sugar Company Limited. Subsequently changing its name to Balrampur Commercial Enterprises Limited (‘BCEL’). By an indenture of conveyance dated 21st February, 1976, BCEL transferred the land, building, other assets as well as the entire staff of its Balrampur sugar factory (with effect from 1st July, 1975) to BCML. BCML ceased to be a subsidiary of BCEL with effect from 25th June, 1979 and its shares were listed on the Calcutta Stock Exchange (CSE) in 1979.
The Company possesses a cane crushing capacity of 76,500 tonnes per day. Also, co. has distillery capacity of 360 KL per day and saleable co-generation capacity of 163.20 megawatts. Besides this, The current market capitalisation stands at Rs 3,403.40 crore. On the other hand, The company management includes :
Meenakshi Saraogi – Chief Mentor
Kamal Nayan Saraogi – Chairman Emeritus
Sumit Mazumder – Chairman & Ind.Director
Vivek Saraogi – Managing Director
Arvind Krishna Saxena – Whole Time Director
Naresh Dayal – Non Executive Director
R N Das – Independent Director
D K Mittal – Independent Director
Krishnava Dutt – Independent Director
Sakti Prasad Ghosh – Independent Director
BALRAMPUR Chini Share Price Update
Yes!! There is a Strong Buy Call on Balrampur Chini Share price at current level of INR 154.95. The positivity in the stock can be seen when NIFTY 50 dropped by 2.14% & NIFTY MIDCAP 100 lose 2.70% on Monday 8 Jul’19, Balrampur Chini Stock gained 2.68% with great volume. Above all, Bullish Marubozu Candlestick Pattern has been formed on daily charts. Subsequently, stock trend is going up with a support of 50 Day & 21 Day Moving Average. Other than this, indicators like, Relative Strength Index & Moving Average Convergence/Divergence are moving into positive zone. In conclusion, Traders from short term or medium term perspective can look for this opportunity for a good return with in a Month.
Current Price : 154.95
Target Price : 170
Stop Loss : 147.50
You should also read these articles as well on Balrampur Chini Stock where the advice was a great hit and users made a good profit from these.Balrampur Chini Share Price Update – 25 Mar’19
Balrampur Chini Share Price Update – 23 Apr’19
View on Last Trading Tips
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