BALRAMCHIN QI Results

QI (19-20) results by Balrampur Chini today shows EPS of Rs 4.66 against RS 3.24 for QI (18-19). It’s EPS for 18-19 was RS 25.21 against Rs 24.29 for 17-18. It’s reserves are RS 2095 crs against capital of 22 crs. With better times ahead. CMP 129/- today against 73/- on 07/08/2018 is up by 66/- but is down by 34/- against the recent high of 163/-. Since 1st July open market price of sugar has gone up by 5% or so. Clearly next 2-3 quarters will be more profitable hence one can buy this stock.

Krishna Khandelwal

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