You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Bannari Amman Sugars hits 52-week high; spurts 23% in three days

Capital Market 

Bannari Amman Sugars surged 14.26% to Rs 2206.90, extending gains for the third consecutive session.

Shares of Bannari Amman Sugars have surged 23.21% in three sessions from its recent closing low of Rs 1,791.20 on 14 September 2021.

The stock hit a 52-week high of Rs 2,279.90 in intraday today. It has jumped 72.06% from its 52-week low of Rs 1,282.60 hit on 21 September 2020.

In the past one month, the stock has surged 20.30% as against 5.77% rise in the Sensex. It has soared 68.28% in the past one year compared with 51.39% surge in the Sensex.

On the technical front, the stock's RSI (relative strength index) stood at 70.81. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The stock was trading above its 50-day simple moving average (SMA) placed at 1841.89 and 200-day SMA at 1838.76.

Net profit of Bannari Amman Sugars declined 60.66% to Rs 5.04 crore on 14.51% rise in net sales to Rs 373.07 crore in Q1 June 2021 over Q1 June 2020.

South India-based Bannari Amman Sugars is engaged in manufacturing and trading sugar, power, alcohol and granite products.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, September 17 2021. 14:26 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU