Balrampur Chini Mills shares: Elara Securities said the notification was a one-off event and is valid between November 2023 and October 2024; hence, it says there will be impact only on H2FY24-H1FY25 financials.
Sharekhan maintained its ‘Buy’ ratings on Balrampur Chini Mills Ltd, Dhampur Sugar Mills Ltd, Triveni Engineering Industries Ltd and Dhampur Bio Organics Ltd for now.
Dalmia Bharat Sugar and Industries Ltd tanked 4.34 per cent to Rs 414.45. Balrampur Chini Mills Ltd tanked 3.98 per cent to Rs 414.15. Dwarikesh Sugar Industries Ltd was down 2.76 per cent at Rs 87.53.
Sugar stocks have rallied up to 40% in the last one month. Major sugar stocks, including Balrampur Chini Mills, Dalmia Bharat Sugar, Triveni Engineering and Dwarikesh Sugar jumped as much as 12% on Thursday to hit 52-week highs. Will the rally in Sugar stocks turn sweeter, and should you buy sugar stocks? Watch this Visual Story to see what analysts say.
Shares of Zensar Technologies have plunged 59.68 per cent year-to-date. Small individual investors, holding up to Rs 2 lakh worth shares, accounted for 19.76 per cent stake in this company as of September 30