Balrampur Chini can test Rs 160-170, says Amit Dalal of Amit Nalin Securities.

Dalal told "If you take the profit that sugar companies will earn in next one year and if you assume that this problem of shortage of sugarcane is going to continue for even next year, the discounting which they got in the past in terms of valuation is much lower currently than what we saw in 2006-2007, so I would say they have a lot of room to grow in terms of marketcap still for instance even Balrampur Chini may make something like Rs 250-300 crore next year and that comes to an earnings per share (EPS) of about Rs 12-15, so that could go up to Rs 160-170."