Dalmia Sugar rises over 3%

India Infoline News Service | Mumbai | June 01, 2017 12:10 IST

Dalmia Bharat Sugar and Industries was soaring on the bourses with gains as much as 3.3% on the NSE at 1125 hours.

Dalmia Bharat Sugar and Industries was soaring on the bourses with gains as much as 3.3% on the NSE at 1125 hours.
 
The stock had hit its 52-week high of Rs 202 per share on Jan 31, 2017, and touched its 52-week low of Rs 90 per share on May 31, 2017.
 
The stock has delivered 51% in a period of one year and has outperformed the BSE Small cap and Nifty Commodities indices over the same time period.
 
Other sugar stocks such as Ponni Sugars was up by 4.9%, Mawana Sugar was up by 4.2%, Ugar Sugar was up by 2.6%, Triveni Engineering & Industries was up by 2.2% and Shree Renuka Sugar was up by 1.5% on the BSE at 1145 hours.
 
Dalmia Bharat Sugar and Industries is engaged in manufacturing of sugar, generation of power, manufacturing of industrial alcohol and manufacturing of refractory products. 

Stock view:
 
Dalmia Bharat Sugar & Industries Ltd is currently trading at Rs 141, up by Rs 4.6 or 3.37% from its previous closing of Rs 136.4 on the BSE.
 
The scrip opened at Rs 137.5 and has touched a high and low of Rs 142.2 and Rs 136.5 respectively. So far 50609(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1104.16 crore.
 
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 202.2 on 31-Jan-2017 and a 52 week low of Rs 90.15 on 31-May-2016. Last one week high and low of the scrip stood at Rs 148.3 and Rs 134.85 respectively.
 
The promoters holding in the company stood at 74.91 % while Institutions and Non-Institutions held 3.31 % and 21.78 % respectively.
 
The stock is currently trading below its 100 DMA.


***Note: This is a NSE Chart

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