Balaji Amines Limited. up by 14.07 | Espresso Shot of the Day

EspressoLogy

Espresso shot of the day – Balaji Amines Ltd. up by 14.07 percent

February 09, 2021
Espresso shot of the day – Balaji Amines Ltd. up by 14.07 percent

BALAJI AMINES LTD 1443.25 (+14.07 %)  BSE – INE050E01027| 9th FEB 2021



Balaji Amines Ltd. is specialised in manufacturing Methylamines, Ethylamines, Derivatives of Specialty Chemicals and Pharma Excipients. These have been the main products, and they also have facilities for the manufacture of derivatives, which are downstream products for various Pharma /Pesticide industries apart from user specific requirements. Balaji Amines Ltd. (BAL), is one of the leading manufacturers of Aliphatic Amines in India, and was set up in the year 1988 to cater to the growing requirements of value based Specialty Chemicals. BAL commenced manufacture of Methyl Amines in the year 1989 and subsequently added facilities for manufacture of Ethyl Amines and other derivatives of Methyl Amines and Ethyl Amines.

Recent Drivers

  • Balaji Amines Ltd. posted net sales at Rs 364.73 crores in December Quarter 2020 up 64.47% from Rs 221.76 crores in December Quarter 2019.
  • Quarterly net Profit at Rs 70.16 crores in December 2020 up 162.47% from Rs 26.73 crores in December 2019.
  • The company is also exporting few of its products like EDA, DETA from its subsidiary and Morph line to China, which previously used to get dumped in India.
  • The prices of Diethyl Formamide (DMF) have risen sharply because of supply-demand mismatch, leading to improved capacity utilisation of DMF plant
(Sources: BSE, Business Standard, Moneycontrol)

Technical Force*

  • Traded on new 52- week high value 1514
  • Gap up opening, today's candle trading with breakout in uncharted territory, shows intraday selling from high of the day
  • Spurt in volume by more than 6.05 times compares to previous vol. 3 month avg qty – 2,48,313
  • Stock price has jumped more than 100% in one year low level – 200, 24 MAR 20
  • Daily RSI (14) is in overbought territory today
  • 52- week high – 1514.00 52 - week low –204.10

Key Pivot  (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

2101.50

1577.75

1251.60

727.85

401.70

-

-

-

Fibonacci Pivot

1577.75

1253.09

1052.51

923.33

727.85

532.37

403.19

202.61

-


Today’s Close

1443.25

SMA

BSE

10 DAY

1205.96

20 DAY

1171.68

50 DAY

1055.82

200 DAY

768.88


Some Key Ratios (Source: BSE)

Market Cap: 4,676.27 crores

PE: 25.30

OPM%: 26.64

ROE%: 24.69

Prev. Close: 1265.25


* Chart And Technical Force data taken from the Binge desktop app.

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comtrade Private Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.