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Balaji Amines soars on receiving land for expansion project

04 Dec 2017

Balaji Amines is currently trading at Rs. 635.80, up by 40.55 points or 6.81% from its previous closing of Rs. 595.25 on the BSE.

The scrip opened at Rs. 599.15 and has touched a high and low of Rs. 659.50 and Rs. 595.00 respectively. So far 44874 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 668.40 on 23-Nov-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. 659.50 and Rs. 585.90 respectively. The current market cap of the company is Rs. 2047.74 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 been allotted 3,60,000 Sq.Mtrs. (90 acres) land in MIDC Chincholi, Solapur, Maharastra. The company shall be using the aforesaid land for expansion Projects.

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

2995.10 25.55 (0.86%) Nov 30, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323