Balaji Amines looking good after a long time.

Balaji Amines Ltd., INDIA is an ISO 9001: 2015 certified company, specialised in manufacturing Methylamines, Ethylamines, Derivatives of Specialty Chemicals and Pharma Excipients. These have been their main products, they additionally manufacture derivatives, which are downstream products for various Pharma /Pesticide industries apart from user specific requirements.

Negative aspects of the company are de-growth in revenue and profit and high PE 42.1. Positive aspects of the company are low debt, net cash flow from operating activities increasing, MFs increasing stake and Zero promoter pledge.

Entry can be taken after closing above 2428. Targets in the stock will be 2493 and 2553. The long-term target in the stock will be 2588 and 2600+. Stop loss in the stock should be maintained at Closing below 2130.

The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.

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