Balrampur Chini Mills - Rs.69/-

Balrampur chini has give a good results for the quarter ended 2014 for single quarter it has give an EPS of 7.50 which is really good. So it seems the margins are improving but still another quarter results would confirm the same considering the firming of international sugar prices. the stock has moved above the 200 week EMA which really very very good and it trending up it appears that its first resistance is around Rs.100 where the trend line is there drawn from the top of 2006 so very long term trend line. Any break of the same has chances of taking further up. So good fundamental and technical buy with Stop Loss at 200 week EMA which is at Rs.57

M.MahidaRSri
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