Friday, July 25, 2008

Balaji Amines spurts on strong Q1 chemistry

Balaji Amines was locked at 20% upper limit at Rs 120.20 at 11:23 IST on BSE after the company posted 67.2% rise in net profit to Rs 5.15 crore on 48.6% increase in net sales to Rs 73.08 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours yesterday, 24 July 2008
The stock hit a high of Rs 120.20 and a low of Rs 102.10 so far during the day. The stock had a 52-week high of Rs 237 on 7 January 2008 and a 52-week low of Rs 90 on 3 July 2008.
The company has an equity capital of Rs 6.48 crore. Face value per share is Rs 10.
The current price of Rs 120.20 discounts its Q1 June 2008 annualised EPS of Rs 31.79, by a PE multiple of 3.78.
The company is engaged in manufacturing ethyl and methylamines, which have various applications in chemical industries.

No comments: