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Balaji Amines soars on receiving nod for investment in Balaji Speciality Chemicals

31 Oct 2017

Balaji Amines is currently trading at Rs. 505.00, up by 61.60 points or 13.89% from its previous closing of Rs. 443.40 on the BSE.

The scrip opened at Rs. 474.00 and has touched a high and low of Rs. 513.00 and Rs. 465.20 respectively. So far 1,00,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 513.00 on 31-Oct-2017 and a 52 week low of Rs. 271.10 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 513.00 and Rs. 399.65 respectively. The current market cap of the company is Rs. 1,636.25 crore.

The promoters holding in the company stood at 54.55%, while Institutions and Non-Institutions held 5.11% and 40.34% respectively.

Balaji Amines has received an approval for investment in Balaji Speciality Chemicals. The board of directors at its meeting held on October 30, 2017 has approved for the same.

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:

Balaji Amines Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323