Positive impactResults
Balrampur Chini can see 30% upside in two years, says Elara Securities’ Prashant Biyani
CNBC-TV18 2 hrs ago·13 Oct 2026, 6:28 am
Elara Securities has raised its price target for Balrampur Chini Mills, projecting a potential 30% upside over the next two years. The brokerage firm’s bullish outlook is primarily driven by a favorable supply-demand balance for sugar, which is expected to support higher realizations for mills. Additionally, the company’s strategic expansion into the polylactic acid (PLA) market is viewed as a key growth driver for its long-term earnings potential.
For investors, this target signals that the stock may be undervalued given the company’s strong operational fundamentals and upcoming growth catalysts. The shift towards PLA, a biodegradable polymer, positions Balrampur Chini to benefit from evolving industrial trends. However, investors should monitor execution risks and global commodity price movements to gauge the actual realization of these projected gains.
Excerpt from CNBC-TV18
Published On Oct 13, 2026 | 11:58 IST Last Updated On Oct 13, 2026 | 11:58 IST Prashant Biyani, VP-Institutional Equity at Elara Securities discusses sugar price trends, supply shortages, earnings growth and Balrampur Chini Mills’ upcoming polylactic acid project. Shares of Balrampur Chini Mills are positioned for a…Read the original at CNBC-TV18
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Balrampur Chini Mills (BALRAMCHIN).
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Balrampur Chini Mills worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
