Balrampur Chini to consider buy back; stocks could spice up
DSIJ Intelligence / 10 Nov 2016
With soaring sugar prices, its stocks have already gathered steam and to add to its further glory Balrampur Chini one of the largest integrated sugar manufacturing company has come up with a buy-back plan.
With soaring sugar prices, its stocks have already gathered steam and to add to its further glory Balrampur Chini one of the largest integrated sugar manufacturing company has come up with a buy-back plan.
The company has informed the bourses that the board of directors shall consider a proposal for buy back of equity shares of the company on November 15. On the same day, Balrampur Chini will consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2016 (Q2).
The shares of the company in the last six months have surged by 6 per cent. However, in the last one year the shares have rallied over 64 per cent. Fifty-two week High/Low of the stocks stands at Rs 138/61.45.
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