Balaji Amines soared 15.49% to Rs 1461.20 after the company s standalone net profit jumped 162.5% to Rs 70.16 crore on 64.5% rise in net sales to Rs 364.73 crore in Q3 FY21 over Q3 FY20.Standalone profit before tax advanced 146% to Rs 91.52 crore in Q3 FY21 over Q3 FY20. Current tax expense jumped to Rs 21.64 crore in Q3 FY21 as against Rs 10.26 crore in Q3 FY20. The result was announced after market hours yesterday, 8 February 2021.
During the quarter ended December 2020, the company s sales volume grew by 33.9% to 28,353 MT from 21,160 MT in the same period last year. Amines volumes stood at 4,952 MT, Amines Derivatives volumes stood at 10,812 MT while Specialty Chemicals volumes stood at 12,589 MT in quarter ended December 2020.
Domestic equity benchmarks were trading with modest gains in morning trade. IT, metal and FMCG shares advanced while pharma and auto shares declined.
At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 125.17 points or 0.24% to 51,473.94. The Nifty 50 index has added 53.30 points or 0.35% to 15,169.10.
The Sensex hit a record high of 51,606.25 and the Nifty hit a record high of 15,197.80 in morning trade. Both the indices have gained over 11% in seven straight sessions.
In the broader market, the S&P BSE Mid-Cap index gained 0.34% while the S&P BSE Small-Cap index rose 0.56%.
The market breadth was positive. On the BSE, 1392 shares rose and 1068 shares fell. A total of 137 shares were unchanged.
Domestic benchmarks reversed intraday gains and ended near the flat line after a volatile session on Tuesday. As per provisional closing data, the barometer index, the S&P BSE Sensex, fell 19.69 points or 0.04% to 51,329.08. The Nifty 50 index lost 6.50 points or 0.04% to 15,109.30.
The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Investors booked profits after both the indices surged about 11% in the past six consecutive sessions.
Mahindra & Mahindra (down 3.04%), ITC (down 1.76%), Bajaj Finance (down 1.59%), TCS (down 1.10%) and Hindustan Unilever (down 0.93%) offset gains in Asian Paints (up 3.70%), Larsen & Toubro (up 0.83%), ICICI Bank (up 0.66%), HDFC Bank (up 0.45%) and HDFC (up 0.33%).