Buy Balrampur Chini With Stop Loss Of Rs 64
Technical analyst Anand Kuchelan of Fudiciary Euromax Capital Markets has maintained 'buy' rating on Infrastructure Balrampur Chini Mills Limited stock with targets of Rs 75 and 80.
According to analyst, the investors can buy the stock with a stop loss of Rs 64.
The stock of the company, on March 07, closed at Rs 68.60 on the Bombay Stock Exchange (BSE).
Current EPS is -0.62.
The share price has seen a 52-week high of Rs 114 and a low of Rs 66 on BSE.
Balrampur Chini Mills declared that its directors have sanctioned the plan to buy-back of its completely paid up equity shares worth Rs 1 per share of the company.
The buy-back would be at a price not surpassing Rs 85 per share payable in cash, for an amount about Rs 1,100 million out of free reserves by means of purchase from open market via the securities markets.
Established in the year 1975, Balrampur Chini Mills (BCML) is one of the biggest integrated sugar maker in the Indian market.
Its biz collection comprises manufacturing as well as selling of sugar, ethyl alcohol, ethanol, production & selling of power & also constructing & market