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Balrampur Chini Shares Could Rally 30 Percent in Two Years Says Elara Securities
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CNBC TV18•13-10-2026, 11:58
Balrampur Chini Shares Could Rally 30 Percent in Two Years Says Elara Securities
- •Elara Securities Vice President Prashant Biyani projects a 30 percent upside for Balrampur Chini Mills over the next one and a half to two years.
- •The bullish outlook is supported by a structural three-to-five-year growth story driven by rising sugar prices and a new polylactic acid project launching in December.
- •India is currently witnessing a sugar supply shortage and reduced production estimates due to adverse weather conditions, which may persist for over a year.
- •Raw sugar prices are up 15 to 20 percent year-on-year, though prices are expected to remain moderated below 50 rupees on average until February due to the new crushing season.
- •The sugar industry is entering a new cyclical uptrend with strong earnings visibility, projected volume growth, and higher price realizations for the upcoming quarters.
Key Questions Answered
Shares of Balrampur Chini Mills are positioned for a 30% upside over the next one and a half to two years, according to Prashant Biyani from Elara Securities, who recommends buying it as a structural three-to-five-year growth story.
The bullish outlook is driven by a looming supply deficit in India, trimmed production estimates due to adverse weather, and rising raw sugar prices hovering between ₹51 and ₹55.
Balrampur Chini's new polylactic acid (PLA) project is scheduled to launch in December.
