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.
Analysts at JM Financial Institutional Securities don’t see these measures having any material impact on Balrampur Chini’s bottomline as lower distillery volume will be offset by higher sugar sales/profits, higher B molasses-based ethanol volume, and higher average sugar realisation.
Mazagon Dock Shipbuilders shares will turn ex-dividend today. The company had announced an interim dividend of Rs 15.34 per share. Monday is also the record date for the purpose of determining eligible shareholders.
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.