Balrampur Chini shares see biggest single-day gain in 18 years, hit record high — Here's why

Balrampur Chini Mills Ltd shares surged 19% to a record high on August 20, driven by record-high sugar prices and tight sugar supplies.

Investors bet on higher realisations and margins for sugar mills despite the Centre tightening sugar stockholding restrictions.

Sugar prices have risen 10% over the past month, with the all-India average ex-mill sugar price reaching ₹5,400-5,500 per quintal on August 18.

Balrampur Chini's EBITDA for FY27 could be positively impacted by ₹300-500 crore due to higher sugar prices, according to Elara Securities.