Balrampur Chini Shares Surge 13% To ₹744 Record High, Stock Clocks Biggest Single-Day Gain In Over Four Years
Mumbai: Shares of Balrampur Chini Mills jumped sharply on Thursday, August 20, touching a record high and registering their strongest single-day gain in more than four years. At 1:52 pm, the stock was trading 12.65 percent higher at Rs 733.15, up Rs 82.35 from its previous close of Rs 650.80. The shares opened at Rs 658.25, touched a low of Rs 655.05 and climbed to a record high of Rs 744.05…
Balrampur Chini Mills shares surged 13% on Thursday, August 20, reaching a record high of ₹744.05, marking the company's largest single-day gain in over four years. The stock opened at ₹658.25 and climbed to a high of ₹744.05 during the day's trading. The rally coincided with the government's decision to impose tighter stockholding limits to curb hoarding and stabilize sugar prices.
Bulk consumers using more than 10 metric tonnes of sugar per month will now be restricted from holding inventories for more than 15 days. This measure is set to remain in place from September 1 to November 30, 2026. The government previously allowed a limit of 30 days of inventory during the same period last year. Higher sugar prices have bolstered producers' revenue and margins, potentially attracting more investors to the company and other listed sugar shares.
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