Balrampur Chini trades near 2-year high in weak mkt; soars 58% in six weeks

Shares of Balrampur Chini Mills (BCML) were trading at nearly two-year high of Rs 174, up 3 per cent, on the BSE on Wednesday on expectations of improved operating performance. In comparison, the S&P BSE Sensex was down 1 per cent or 389 points at 11:00 am.

The stock of the sweetener company was trading at its highest level since November 2017. In the past six weeks, it has soared 58 per cent from a level of Rs 110.

Thus far in the month of September, BCML has outpaced the market by surging 30 per cent after rating agency ICRA reaffirmed the