Balrampur Chini may touch Rs 46-47: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Sugar stocks are just beginning to come back to life. Shree Renuka Sugars and Balrampur Chini are the choices. Balrampur gives us a sense that it could be reaching Rs 46-47. I think at this point one should wait. One should consider exiting after sometime from the stock."

Shree Renuka Sugars touched its 52-week high Rs 38.80 and 52-week low Rs 14.85 on 04 October, 2012 and 27 June, 2013, respectively. Currently, it is trading 53.09 percent below its 52-week high and 22.56 percent above its 52-week low. Market capitalisation stands at Rs 1,221.80 crore.

Balrampur Chini touched its 52-week high Rs 74.50 and 52-week low Rs 35.00 on 16 October, 2012 and 08 July, 2013, respectively. Currently, it is trading 42.55 percent below its 52-week high and 22.29 percent above its 52-week low. Market capitalisation stands at Rs 1,045.66 crore.

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