Buy Balrampur Chini Mills, target Rs 98: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Balrampur Chini Mills Ltd
with a target price of Rs 98
The current market price of Balrampur Chini Mills Ltd
is Rs 87.55 Time period given by the analyst is Intra Day when Balrampur Chini Mills Ltd
price can reach the defined target
Kunal Bothra recommended to keep stoploss at Rs 82
Balrampur Chini Mills Ltd., incorporated in 1975, is a smallcap company with a market cap of Rs 1999.98 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 30-06-2018, the company has reported a Standalone sales of Rs 1002.54 Crore, down -2.24 % from last quarter Sales of
Rs 1025.52 Crore and down -7.02 % from last year same quarter Sales of Rs 1078.27 Crore Company has reported net profit after tax of Rs
73.58 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 30-06-2018, the company has a total of 228,438,327 shares outstanding.