Balrampur Chini Mills shares dropped on July 13th: Stocks

Balrampur Chini Mills shares dropped on July 13th: Stocks

Balrampur Chini Mills shares dropped on July 13th: Stocks

New Delhi: To begin with, the shares of Balrampur Chini Mills Limited stood trading at 1.63% low in the session today. Nearly, 45,207 shares exchanged hands on the counter.

Significantly, the stock opened at Rs. 130.40 and reached a high of Rs. 130.40. As well as it reached a low of Rs. 125.60 per equity share. However, the shares of the company quoted at the 52-week high value of Rs. 195.00. It also quoted a 52-week low value of Rs. 68.80 in the trade.

According to the records, the total market capitalization of the company reached Rs. 2,789.60 crores.

On the other side, the company reported a consolidated net sales of Rs. 1,740.05 crores as of March 2020. Up to 45.52% from the previous quarter, which stood at Rs. 1,195.78 crores.

Despite this, the net profit for the present quarter stood at Rs. 241.44 crores, down by 16.24% from the same quarter a year ago. 

Besides, as of March 2020, the promoters of the company held 41.10% of its stake. Likewise, the FIIs held a 22.64% stake and DIIs held an 8.72% stake.

Moreover, the shares of the company traded at a price-to-earnings multiple of 5.37. So then, the price-to-book ratio stood at 1.15.

July 13th Stock Market Details:

On July 13th, both the Sensex and the Nifty stood trading at a bullish trend in the stock market. The Sensex gained 311.53 points and reached 36,908.81 levels with 0.86% profit. On the other side, the Nifty gained 97.55 points and reached 10,866.00 levels with 0.92% profit.

Besides, as of July 13th, the number of confirmed COVID-19 cases across India has reached 8,78,254. Also, the number of deaths in the country has reached 23,174.

In the border market, the S&P BSE Midcap index gained 59.33 points with a 0.44% rise and reached a 13,456.11 level. Also, the S&P BSE Smallcap index gained 55.63 points with a 0.43% rise and reached a 12,858.39 level. At the same time, the Nifty Bank gained 20.25 points with 0.083% profit and reached 22,415.15 level.

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