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Balaji Amines surges despite reporting 14% fall in Q1 net profit

28 Jul 2017

Balaji Amines is currently trading at Rs. 338.85, up by 3.50 points or 1.04% from its previous closing of Rs. 335.35 on the BSE.

The scrip opened at Rs. 325.00 and has touched a high and low of Rs. 338.85 and Rs. 315.00 respectively. So far 1708 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 401.10 on 24-Apr-2017 and a 52 week low of Rs. 272.50 on 28-Jul-2016.

Last one week high and low of the scrip stood at Rs. 359.55 and Rs. 330.00 respectively. The current market cap of the company is Rs. 1088.03 crore.

The promoters holding in the company stood at 54.46%, while institutions and non-institutions held 4.22% and 41.32% respectively.

Balaji Amines has reported a fall of 13.63% in its net profit at Rs 22.75 crore for the quarter ended June 30, 2017, as compared to Rs 26.34 crore for the same quarter in the previous year. However, total revenue from operations of the company increased 10.24% at Rs 201.02 crore for Q1FY18 as compared to Rs 182.34 crore for the corresponding quarter previous year.

Balaji Amines is engaged in manufacturing of methylamines, ethylamines, derivatives of specialty chemicals and natural products. The company was set up to cater to the growing requirements of value based Specialty Chemicals.

Related Balaji Amines Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323