Balrampur Chini stock nears record high, gains 5% on stable Q1 performance

Quick Summary:

Despite facing challenges in distillery operations due to regulatory issues, sugar segment has continued to perform well in a seasonally soft quarter, benefiting from higher volumes and realizations.

Balrampur Chini is seen inching towards its record high of Rs 525.70 touched on April 8, 2022.

At 11:57 am; the stock was quoting 4.4 per cent higher at Rs 517.40, as compared to 0.1 per cent decline in the BSE Sensex.

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Article Details

Category: BusinessFinance

Markets: IndiaMali

Topics: Q1 Balrampur Chini stock Balrampur Chini Mills share Ethanol-blending program Sugar Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 12:30:42 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 24 lines

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Copyright Owner: © Business Standard

News ID: 22060020

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