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Expect 20-30% appreciation in Balrampur Chini: Dalal

This article was posted on Jul 29, 2009 and is filed under Stock Views

Amit Dalal of Amit Nalin Securities is of the view that one can expect 20-30% appreciation in Balrampur Chini.

Dalal told CNBC-TV18, “The real story in sugar delta is behind us, you will hereon have a normalized profit growth and definitely the fact that of shortage of sugar will help manufacturers but it will also keep sugarcane prices high. Balrampur’s profit is almost the same as the pervious quarter, it’s the lean season right now but it also indicates the extent of profitability the other divisions contribute to the company. So I think its fairly priced from here on but there can be about 20-30% more appreciation for this stock.”

source: Moneycontrol

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