Balrampur Chini trades near 52-week high; stock gains 6% in two days

The stock has outpaced the market by surging 15 per cent from its recent low of Rs 142, touched on November 22. In comparison, the S&P BSE Sensex was up 1 per cent during the same period.

Shares of Balrampur Chini Mills were up 2 per cent to Rs 164 on Thursday, gaining 6 per cent in the past two trading days on the BSE, on expectation of improved earnings going forward.

The stock is trading close to its 52-week high of Rs 174, touched on September 25, 2019. Besides, it has outpaced the market by surging 15 per cent from its recent low of Rs 142, touched on November 22. In comparison, the S&P BSE Sensex was up 1 per cent during the same period.

In July-September quarter (Q2FY20), Balrampur Chini reported 15 per cent year-on-year (YoY) decline