Buy Balrampur Chini, target Rs 140: Daljeet Singh Kohli

Balrampur Chini being a large fully integrated sugar complex is a prime beneficiary of the recent buoyancy witnessed in sugar prices as the present shortfall in production both in India and globally has positioned the company at the forefront in the sugar space.

"After the March quarter results, sugar sector has shown a very good set of numbers. In the space, we like Balrampur with a target of around Rs 140 or more," says Daljeet Singh Kohli, Head of Research, IndiaNivesh.

In the next two-quarters, the company will book out this inventory which they have shown this time in their numbers. "Almost 55 lakh bags are lying with them and that itself will give them a huge profit, added Kohli. The company could well post its highest profit in this year itself.