LKP Shares neutral on Balrampur Chini

23979 Investors following Balrampur Chini. Share this News with them.

0

Like this story, share it with millions of investors on M3

LKP Shares neutral on Balrampur Chini

LKP Shares has maintained its neutral rating on Balrampur Chini Mills (BCML). BCML posted a 7% growth in consolidated revenues during FY’08 (YE-Sept) at Rs 15 billion with a consolidated net profit of Rs 783 million (Loss of Rs 473 million).

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Sell Unitech, target of Rs 47: India Infoline Reduce SAIL, target of Rs 48: BNP Paribas Reduce JSW Steel, target of Rs 138: BNP Paribas Morgan Stanley overweight on Aban Offshore Buy Bharti Airtel, target of Rs 800: Kotak Institution ALSO READ See previous views by LKP Shares See what other Experts & Brokerages are saying about Balrampur Chini See messages about Balrampur Chini Balrampur Chini BSE | NSE 28/05/12 Are Mutual Funds betting on Balrampur Chini?

LKP Shares has maintained its neutral rating on Balrampur Chini Mills in its December 2, 2008 research report. "BCML posted a 7% growth in consolidated revenues during FY'08 (YE-Sept) at Rs 15 billion with a consolidated net profit of Rs 783 million (Loss of Rs 473 million). On the positive side if the court ruling this week comes in favour of the UP based sugar mills we could see a rally in BCML to levels of Rs 40 in the near term which could provide an opportunity for investors to book profits. All in All we maintain a NEUTRAL view on the stock," says LKP Shares' research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment......