May 17, 2017 01:56 PM IST | Source:

Buy Balaji Amines; target of Rs 485: Nirmal Bang

Nirmal Bang is bullish on Balaji Amines has recommended buy rating on the stock with a target price of Rs 485 in its research report dated May 16, 2017.

  • bselive
  • nselive
Todays L/H

Nirmal Bang's research report on Balaji Amines

Balaji Amines Limited (BAL), set up in 1988, is a leading manufacturer of Aliphatic Amines. It specialized in manufacturing Methylamines, Ethylamines and derivatives of them. It also operates a 5 start hotel in Solapur – Balaji Sarovar, the only 5 star property in the city.


It is consistent dividend paying company. We maintain our positive outlook given the improvement in ROCE and ROE with positive free cash flow. We recommend BUY on the stock for price target of Rs 485 (12x FY19E).

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Follow us on
Available On