Sell Balrampur Chini Mills, target Rs 60: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Balrampur Chini Mills Ltd. with a target price of Rs 60. The current market price of Balrampur Chini Mills Ltd. is Rs 67.2. Time period given by the analyst is Intra Day when Balrampur Chini Mills Ltd. price can reach defined target.

Manas Jaiswal recommended to keep stoploss at Rs 71 . Balrampur Chini Mills Ltd., incorporated in 1975, is a smallcap company with a market cap of Rs 1535.04 crore.

Balrampur Chini Mills Ltd. key Products/Revenue Segments include Sugar which contributed Rs 3016.76 Crore to Sales Value (82.85 % of Total Sales), Alcohol (Industrial) which contributed Rs 324.20 Crore to Sales Value (8.90 % of Total Sales), Power which contributed Rs 245.96 Crore to Sales Value (6.75 % of Total Sales), Renewable Energy System which contributed Rs 29.32 Crore to Sales Value (0.80 % of Total Sales), Molasses which contributed Rs 15.18 Crore to Sales Value (0.41 % of Total Sales), Others which contributed Rs 9.58 Crore to Sales Value (0.26 % of Total Sales)for the year ending 31-Mar-2017.


For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 1025.52 Crore, up 2.36 % from last quarter Sales of Rs 1001.91 Crore and up 21.21 % from last year same quarter Sales of Rs 846.09 Crore Company has reported net profit after tax of Rs -42.69 Crore in latest quarter. The company’s top management includes Dr.Arvind Krishna Saxena, Mr.D K Mittal, Mr.Kamal Nayan Saraogi, Mr.Krishnava Dutt, Mr.Meenakshi Saraogi, Mr.Naresh Dayal, Mr.R N Das, Mr.Sakti Prasad Ghosh, Mr.Sumit Mazumder, Mr.Vivek Saraogi, Mrs.Novel S Lavasa. Company has Lodha & Co. as its auditoRs As on 07-04-2018, the company has a total of 228,428,327 shares outstanding.