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08-Nov2017

Balrampur Chini Mills surges despite reporting 22% fall in Q2 net profit

Balrampur Chini Mills is currently trading at Rs. 165.90, up by 4.20 points or 2.60% from its previous closing of Rs. 161.70 on the BSE.

The scrip opened at Rs. 161.00 and has touched a high and low of Rs. 166.55 and Rs. 161.00 respectively. So far 181221 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 182.50 on 13-Sep-2017 and a 52 week low of Rs. 98.60 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 175.00 and Rs. 159.20 respectively. The current market cap of the company is Rs. 3910.78 crore.

The promoters holding in the company stood at 40.94%, while institutions and non-institutions held 34.81% and 24.25% respectively.

Balrampur Chini Mills has reported 22.27% fall in its net profit at Rs 824 crore for the quarter ended September 30, 2017 as compared to Rs 1,060 crore for the same quarter in the previous year. However, the total income of the company increased by 31.77% at Rs 12405.80 crore for Q2FY18 as compared Rs 9414.70 crore for the corresponding quarter previous year.

Balrampur Chini is one of the largest integrated sugar manufacturers in India. Its business portfolio consists of manufacturing and marketing of sugar, ethyl alcohol, ethanol, generation and selling of power and also manufacturing and marketing of organic manure.


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