Alkyl Amines shares hit 4-year high after Q1 profit almost doubles

Reuters August 6 | Updated on August 06, 2019 Published on August 06, 2019

Shares of Alkyl Amines Chemicals Ltd rose as much as 19 per cent to Rs 829, posting their biggest intra-day per cent gain since October 5, 2015.

The speciality chemicals maker's June-quarter profit almost doubled to Rs 35.09 crore ($4.96 million) from Rs 17.67 crore. Total revenue rose by 50 per cent to Rs 266 crore.

Around 15,900 shares changed hands, 31.5 times the 30-day average. Up to last close, the stock had fallen 13 per cent this year, while peer S. H. Kelkar and Co Ltd was down 34 per cent.

Published on August 06, 2019
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