HDFC Securities is bullish on Balaji Amines has recommended buy rating on the stock with a target price of Rs 452 in its research report dated July 29, 2019.
HDFC Securities is bullish on Balaji Amines has recommended buy rating on the stock with a target price of Rs 525 in its research report dated May 21, 2019.
On a longer term we remain positive on company’s strategy with respect to new product capacities (Greenfield project: revenue potential of Rs 450 crore in FY23), import substitution strategy along with strong technical execution capabilities. Further we take solace from the fact that demand in end markets in which company operate are stable.
Balaji Amines’ management said the current developments have contributed to a price premium of about 25 percent, which can ease as these developments subside
Based on near term capacity expansion plans, improving end markets, product pricing scenario, expanding product portfolio both Balaji Amines (16.3x 2019e earnings) and Alkyl Amines ( 17.5x 2019e earnings) are well placed for growth in the near duopoly market.
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.
Nirmal Bang is bullish on Balaji Amines has recommended buy rating on the stock with a target price of Rs 405 in its research report dated November 02, 2016.
Sunidhi Securities is bullish on Balaji Amines (BAL) and has recommended buy rating on the stock with a target price of Rs 60 in its January 10, 2014 research report.
Sunidhi Securities is bullish on Balaji Amines and has recommended buy rating on the stock with a target of Rs 55 in its May 8, 2012 research report.