Buying by promoters hints at likely upside for these stocks

June 5, 2023

For instance, promoters of Dhampur Sugar bought 10.35 lakh shares of the company worth ₹22 crore in May. The company registered strong numbers for March, with revenue growing 43% year-on to ₹759 crore and EBIDTA margin rising by 100 bps to 13.8%. It has also reduced debt consistently in the last four years from ₹1,824 core in FY18 to ₹744 in FY23.

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