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Balaji Amines gains on plans to make additional investments in Balaji Greentech

01 Aug 2012

Balaji Amines is currently trading at Rs. 41.95, up by 0.25 points or 0.60% from its previous closing of Rs. 41.70 on the BSE.

The scrip opened at Rs. 41.70 and has touched a high and low of Rs. 42.80 and Rs. 41.25 respectively. So far 2741 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 43.45 on 6-Jul-2012 and a 52 week low of Rs. 31.05 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 42.80 and Rs. 39.20 respectively. The current market cap of the company is Rs. 136.08 crore.

The promoters holding in the company stood at 53.87% while Non-Institutions held 46.13% respectively. 

Balaji Amines, a manufacturer of specialty chemicals, has received an approval to make further investment in Balaji Greentech Products. Subsequent to this investment, Balaji Greentech Products will become a subsidiary of the company. The company has also received an approval for disinvestment of its holding in Balaji Sourcings.

Earlier, the board at its meeting held on July 30, 2012 had discussed and approved for disinvestment of its holding in Balaji Sourcing and Balaji Greentech Product, which has been revised now.

Balaji Greentech Product, a highly progressive organization, is one of the successful verticals of Balaji Amines Group of companies.

Balaji Amines is engaged in manufacturing of methylamines, ethylamines, derivatives of specialty chemicals and natural products. The company also manufactures derivatives, which are downstream products for various Pharma /Pesticide industries apart from user specific requirements.

Related Balaji Amines Ltd. Links:

Balaji Amines Share Price

2995.10 25.55 (0.86%) Nov 30, 18:01
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