Balaji Amines rises after its arm completes REACH registration process for Ethylenediamine

29 Aug 2019

Balaji Amines is currently trading at Rs. 260.55, up by 3.55 points or 1.38% from its previous closing of Rs. 257.00 on the BSE.

The scrip opened at Rs. 260.55 and has touched a high and low of Rs. 260.55 and Rs. 260.55 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 601.45 on 30-Aug-2018 and a 52 week low of Rs. 210.00 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 264.55 and Rs. 226.00 respectively. The current market cap of the company is Rs. 845.67 crore.

The promoters holding in the company stood at 53.46%, while Institutions and Non-Institutions held 1.85% and 44.70% respectively.

Balaji Amines’ subsidiary -- Balaji Speciality Chemicals has completed REACH Registration process for Ethylenediamine. This registration would allow the company to supply Ethylenediamine to a large number of Customers in the European Region.

REACH governs the registration, evaluation, authorization, and restriction of chemicals. REACH affects all players in the supply chain - from manufacturers, processors, and dealers to end users of chemical substances.

Balaji Amines is engaged in the manufacturing of methylamines, ethylamines, derivatives of specialty chemicals and natural products.

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