Balrampur Chini Mills Shows Resilience Amidst Recent Market Volatility

Jan 14 2025 12:05 PM IST
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Balrampur Chini Mills experienced a significant gain on January 14, 2025, rebounding after a series of declines. Despite this uptick, the stock remains below its moving averages and has seen a notable decline over the past month, contrasting with the broader market's performance.
Balrampur Chini Mills, a midcap player in the sugar industry, saw a notable gain of 5.12% on January 14, 2025, allowing it to outperform its sector by 3.45%. The stock reached an intraday high of Rs 484.4, marking a significant rebound after eight consecutive days of decline.

Despite this recent uptick, Balrampur Chini Mills is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past month, the stock has experienced a decline of 17.05%, while the Sensex fell by 6.72% during the same period.

In daily performance, Balrampur Chini Mills recorded a 4.89% increase, contrasting with the Sensex's modest rise of 0.38%. The stock's current status reflects a cautious approach amidst its fluctuating performance.
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