Stock analysts have recommended Balrampur Chini stock for intraday trading today. The previous trading sessions has already shown the brilliancy of this stock in intraday dealings.

Investors can purchase Balrampur Chini stock at around Rs 97 to achieve a target of Rs 99. The maximum target for the day lies between Rs 102-105. The stock has performed well on yesterday and made its closure on a positive note. For intraday trading the stop loss should be Rs 94.

At its meeting held on November 27, 2007, Balrampur Chini Mills Ltd has informed the BSE that company’s directors have decided to issue upto 7,300,000 Equity Shares of Re 1 each at a price of Rs 92/- per share and upto 10,000,000 Convertible Warrants to be convertible at the option of the warrant holder within 18 months from the date of allotment into 1 fully paid up equity share of the Company of face value of Re 1 each for cash at an exercise price of Rs 92 (including Premium of Rs 91) for each warrant to the promoter group subject to approval of the shareholders and in accordance with the SEBI (DIP) Guidelines.