India's Balaji Amines hits record high on strong Q3 results

Balaji Amines

09/02/2021 07:25

** Shares of pharma chemicals maker  BAMN.NS  rise as much
as 20% to hit a record high of 1,514.70 rupees
    ** Co on Monday reported nearly fourfold rise in Dec-quarter
net profit, helped by increased demand across its product
portfolio  urn:newsml:reuters.com:*:nFWN2KE10K
    ** Price realizations have continued to remain healthy -
BAMN Managing Director Ram Reddy
    ** Reddy added that co is also exporting few of its products
to China, which previously used to get dumped in India 
    ** BAMN says all capex plans are on track, likely to
commence manufacturing of ethlylamines by end of FY21
    ** About 1 mln shares change hands vs 30-DMA of 256,674
    ** Shares up 36.6% YTD, as of last close

    
    

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))