This multibagger stock slumps over 4% after Q2 results

Shares of Balaji Amines declined over 4% to the day’s low price of Rs 2,963 per share in Thursday's trade after the Q2 results.

For the September quarter, the company's standalone net profit declined around 13% to Rs 60.73 crore from Rs 69.59 crore during the previous quarter ended September 2021. Sales at the company, however, logged an increase of 3.63% to Rs 450.93 crore during the period under review as against Rs 435.12 crore in the same period last year.

The company’s cash and cash equivalent during the September quarter rose to Rs 55.74 crore in comparison to Rs 3.61 crore in the same quarter last year.


Balaji Amines is a multibagger stock with a three-year return of over 800%. Nevertheless, in the last one year, the stock has been a laggard with a negative return of over 22%.

Commanding a market capitalization of Rs 9,600 crore, the company specializes in the manufacture of methylamines, ethylamines, derivatives of specialty chemicals and pharma excipients.