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The Balrampur Chini stock, which closed at Rs 97.80 on the BSE on Monday, is being viewed as a value proposition by analysts who are aware of the company's position as among the largest integrated sugar outfits in India. Its other activities - distillery, co-generation of power and bio-composite - are also being seen to be assuming greater significance.

The company is said to be readying for volume play for the next few sugar seasons, when prices are not expected to move up noticeably relative to the increase in sugarcane prices. In sugar, the consumption-to-production ratio is set to increase, a scenario that will aid producers with large capacities.

The Balrampur Chini stock, which on Monday clocked trading volumes of over 9 lakh shares on the BSE, has a free float of over 65 per cent.

Nilanjan Dey

More Stories on : Stock Markets | Stocks | Ear to the ground | Sugar

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