Balaji Amines retracts from record high

Balaji Amines lost 1.1% to Rs 510.65 at 15:12 IST on BSE, with the stock sliding on profit booking after scaling a record high in intraday trade today, 1 November 2017.

Meanwhile, the S&P BSE Sensex was up 386.37 points or 1.16% at 33,599.50.

On the BSE, 87,000 shares were traded on the counter so far as against average daily volumes of 39,000 shares in the past two weeks. The stock had hit a high of Rs 535 so far during the day, which is a record high. The stock hit a low of Rs 496.20 so far during the day.

Shares of Balaji Amines had rallied 16.45% in a single trading session to settle at Rs 516.35 yesterday, 31 October 2017, after the company reported strong Q2 September 2017 results after market hours on 30 October 2017.

Balaji Amines' net profit rose 34.2% to Rs 29.16 crore on 16.9% rise in net sales to Rs 201.19 crore in Q2 September 2017 over Q2 September 2016.

Balaji Amines makes methylamines, ethylamines, derivatives of specialty chemicals and natural products.

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