Trending stocks: Balrampur Chini Mills shares jump 10%

NEW DELHI: Shares of Balrampur Chini Mills traded 10 per cent up in Friday 's trade at 10:27 am.
Around 98064 shares changed hands on the counter. The stock opened at Rs 90.2 and touched an intraday high and low of Rs 90.2 and Rs 89.05 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 192.6 and a 52-week low of Rs 65.0 .


ICICI Bank has invested Rs 51.09 crore in Balrampur Chini 's associate company Auxilo Finserve against 9.90 percent stake.


Financials
Balrampur Chini Mills Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 1800.70 Crore) operating in Sugar sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1195.78 Crore, up 39.54 % from last quarter Sales of Rs 856.97 Crore and up 27.09 % from last year same quarter Sales of Rs 940.91 Crore Company has reported net profit after tax of Rs 69.30 Crore in latest quarter.

Balrampur Chini Mills Ltd. key Products/Revenue Segments include Alcohol (Industrial) which contributed Rs 463.25 Crore to Sales Value (10.80 % of Total Sales), Power which contributed Rs 328.01 Crore to Sales Value (7.65 % of Total Sales), Bagasse which contributed Rs 54.54 Crore to Sales Value (1.27 % of Total Sales), Others which contributed Rs 19.62 Crore to Sales Value (0.45 % of Total Sales), Other Operating Revenue which contributed Rs 9.54 Crore to Sales Value (0.22 % of Total Sales), Renewable Energy Certificates which contributed Rs 3.01 Crore to Sales Value (0.07 % of Total Sales), Molasses which contributed Rs .39 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 41.100258 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 1195.78 crore and net profit of Rs 69.3 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 3.5 and price to book value of 0.97 .