Balrampur Chini can add 15-20%: Mohindar
June 9th, 2009
Rahul Mohindar of Viratechindia is of the view that Balrampur Chini can add 15-20% from here.
Mohindar told CNBC-TV18, “Balrampur Chini took out a lot of key levels and another important thing was the incline in volume that we saw with price, we would certainly go as positives from here. Sugar as a sector if we look at across the board, they have been looking very strong and they continue to look very strong, I feel its time when the front faced sugar stocks coming out, so whether its Bajaj HIndusthan or this one, the odds of Balrampur look good to me from a percentage point of view as well as its really the volumes which have driven me to this conclusion that maybe another 15-20% is good for here.”