This Sugar Stock Has Fallen Upto 30% From 52-Week High, Now Declares A Good 250% Dividend

One the largest sugar manufacturing company in India, Balrampur Chini Mills Ltd has declared a dividend of 250% for the financial year 2022-2023. The mid cap company has fixed Wednesday, 22nd February, 2023 as the record date for the distribution of the interim dividend. The market capitalisation of the company is Rs 4,228.19 crore. In three years the stock has given return of 128%, but over one year it has fallen by 17.48%.

Dividend Details of Balrampur Chini Mills

According to an exchange filing of Balrampur Chini Mills, "Declared an interim dividend of 250% i.e. Rs. 2.50 per equity share of Re. 1/- each of the company for the financial year 2022-23 and the same shall be paid to the equity shareholders of the company whose names appear in the Register of Members of the Company or in the records of the deposito

Stock movement of Balrampur Chini Mills

The stock price of Balrampur Chini ended at Rs 363.55 per share, it plunged down by 30.84% from its 52-week high level. Its 52-week high is at Rs 525.70 per share and 52-week low is at Rs 306.80. Its 100 -day moving average is 366.40 and 200 day moving average is 372.76.

About Balrampur Chini Mills

Balarampur Chini Mills was established in 1975. It is one of the largest sugar manufacturing company in India and the first company to diversify its business from sugar to distillery and co-generation. The company's approach to manufacturing, with deep understanding of sector, it has managed to add wide array of products ranging from molasses, alcohol, ethanol, bagasse to power generation. Currently the company has cane crushing capacity of 77500 tonnes per day and, distillery capacity of 1050 kl per day and saleable co-generation capacity of 176 MW.

Disclaimer

The stock gives details pertaining to record date of interim dividend. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.