NIFTY Future Trading Levels


09-JULY-2020

NIFTY SPOT CLOSED 10705

NIFTY BREAK MAJOR SUPPORT 10680 - 10690 BUT NON SUSTAINED AND CLOSED 10705

IF NIFTY BREAK AGAIN AND SUSTAIN BELOW 10690 THEN DOWN SIDE TARGET 10662 - 10638

NIFTY FUTURE MAJOR RESISTANCE 10740 IF BREAK THIS LEVELS WITH VOLUME THEN UP SIDE TARGET 10770 - 10794

Nifty Intraday Trading Levels

NIFTY SPOT CLOSED 10799.65

TODAY NIFTY FUTURE BREAK 10810 BUT NOT SUSTAINED TODAY'S HIGH 10813

IF BREAK AGAIN AND SUSTAINED 5 - 10 MIN ABOVE 10810 THEN UPSIDE MOVE POSSIBLE 10848  - 10875

NIFTY SPOT MAJOR SUPPORT 10740 - 10690

NIFTY FUTURE BREAK 10740 THEN DOWN SIDE TARGET 10710 - 10692

FINALE HOPE 10690 IF BREAK THEN 10650 - 10612


Nifty Future Intraday Levels


NIFTY SPOT CLOSED 10763

NIFTY FUTURE NEAR RESISTANCE IS 10810 IF BREAK AND SUSTAINED THEN UP SIDE TARGET 10838 - 10872

NIFTY FUTURE MAJOR SUPPORT ON INTRADAY BASIS

10750 - 10728 - 10700

NIFTY Future For Tomorrow


NIFTY SPOT CLOSED 10607

NIFTY SPOT MAJOR RESISTANCE AROUND 10640 
IF SUSTAINED ABOVE 10640 - 10650 THEN UP SIDE TARGET 10668 - 10692 -10720

NIFTY SPOT MAJOR SUPPORT AROUND 10560 - 10540 BASED ON 5 MIN CHARTS.

WEEKLY SUPPORT IS 10480

Buyback Update: Balrampur Chini Mills Ltd


Balrampur Chini mills Ltd. is one of the largest integrated sugar manufacturers in India. Their business portfolio consist of manufacturing and marketing of sugar, ethyl, alcohol, ethanol, generation & selling of power & also manufacturing & marketing of organic manure. The Company possesses a cane crushing capacity of 76,500 tonnes per day, distillery capacity of 360 KL per day and saleable co-generation capacity of 163.20 megawatts.

Balrampur Chini reported strong Q4FY20 results with 31.1% growth in revenues led by 40% growth in sugar sales & 53.2% growth in distillery sales. The higher growth in sugar sales was led by 19.4% jump in sugar volumes aided by 1.7 lakh tonnes of sugar exports during the quarter.

The company has been able to reduce its sugar inventory by 39,000 tonnes in FY20. This
along with strong earnings led to the operating cash flow generation of 850 crore. The company reduced its working capital debt by 336 crore.

Buyback Details
Target CompanyBalrampur Chini Mills Ltd.
Buyback Price180/-
CMP131/-
Premium (%)37.4
Offer size No. of shares (In Cr.)1
Offer size value (In Cr.)180
Market Cap (In Cr.)2,890
Buyback size to M.Cap6.2%
Record DateJuly 03, 2020
Buyback Scenario
   Acceptance Ratio
 Rs. /Share6%8%12%
1,200 Shares @ 131/-=1,57,200/-
Buyback Price/No. of Shares180/-7296144
Buyback Realisation 12,960/-17,280/-25,920/-
Untendered Shares 1,128/-1,104/-1,056/-
We assume sell price of Untendered Shares and value131/-1,47,768/-1,44,624/-1,38,336/-
Total Sell value 1,60,728/-1,61,904/-1,64,256/-
Total Profit 3,528/-4,704/-7,056/-
Total Profit % 2.2%3.0%4.5%

Financials

(In Cr.)20162017201820192020
Sales2,7573,4604,3434,2864,741
Total Income2,8033,4854,3734,3294,785
Total Expenditure2,6292,6963,9863,6934,161
EBIT174789387636624
PAT100591221569512
NPM (%)3.617.15.113.310.8
ROE (%)8.238.014.327.221.5
ROCE (%)5.342.821.125.322.2
ROA (%)2.714.76.312.210.8
Debt to Equity(x)1.221.090.540.790.58