The key levels to watch out for in Balrampur Chini Mills will be the 20-day moving average (DMA) at Rs 177, 100-DMA at Rs 166 and 50-DMA at Rs 173. The stock is already higher than that and is gaining a lot of momentum.

CNBC-TV18 spoke with the management a couple of days back and they said that domestic sugar prices are higher because exports are lesser because of container shortages that are seen. They also expect the prices to move up from current levels of Rs 32 per kg.

The ethanol segment also continues to do well. Therefore, can expect more momentum in the stock.

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(Edited by : Ajay Vaishnav)