Sugar Stock Witnessed 15% Dip In 1-Year, Buy With Target Price of Rs 445: Nuvama

Leading brokerage firm, Nuvama Wealth has assigned buy call to mid-cap sugar sector stock, Balrampur Chini Mills with target price of Rs 445 per share. Current market price of Balrampur Chini Mills is Rs 419.60 per share on BSE AT 1:50 pm on Monday. The analyst has asked to keep the stop loss at Rs 400 per share. Check key
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Balrampur Chini Mills Stock Performance: Current market price of Balrampur Chini Mills is Rs 419.50 per share on BSE with intraday gain of 1.11%. The stock's 52-week high price is Rs 508.45 per share and 52-week low price is Rs 306.80 per share, respectively. The company has a market capitalisation of Rs 8,559.48 crore.

Balrampur Chini Mills Return & Financial Performance: The stock gave return of 14% in last 1-month, 24% in last 6-months, declined 15% in last 1-year, gave return of 57% in last 2-years, and attractive return of 326% in last 3-years. The company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 1001.40 crore, down 10.97% from last quarter total income of Rs 1124. 83 crore. It declares its net profit after tax at Rs 44.01 crore in the latest quarter.

Balrampur Chini Mills About: 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, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Nuvama Wealth. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.