India's Balaji Amines eyes best day since June on disclosing subsidy eligibility

Balaji Amines

08/01/2026 04:14

** Shares of India's Balaji Amines BAMN.NS jump 9% to 1167 rupees, on track for best day since late June

** Specialty chemicals maker said it is eligible for subsidy, waivers worth 2.58 billion rupees ($28.7 million) for a period of seven years for its Maharashtra unit expansion

** Trading vols 560,000 shares vs 30-day avg of 44,000 shares

** Co rated "Buy" on an avg by four analysts covering the stock, median TP 1451 rupees - data compiled by LSEG

** Stock lost over 37% in 2025

($1 = 89.9480 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))