Breakout is on the way in Balaji Amines! Will you wait or enter?

٩ ديسمبر ٢٠٢٣

Hello Traders and Investors, i hope you all will be enjoying all time high market, specially investors would be enjoying a lot this Green Rally because your portfolio will be All time in Green zone with handsome profits.
Well i have brought another stock which have made their investors to billionaires in just 10 years. let me show you how, today is 9th of december 2023. Suppose If you have Invested ₹100,000 in Balaji Amines Limited on December 09, 2013 you would now have now ₹4,910,000. Seriously this is possible in investing world,,and do you know funny thing,, Right now this stock is on 50% Discount, yes u heard it right,, Right now stock price trading at 2296 and in September 2021 this stock has made all time at 5223. And on 9th december 2013 stock price was trading at just ₹47.60. So i use billionaires word for those who has invested and did not sold till september 2021, as that time stock was on all time high at 5223, so here is the calculation, 100000/47.60*5223=10,972,689 INR. So this is 100 times returns and this stock has given dividend too of ₹86,134.45 in last 10 years,,. Wow this is just possible in investing and business world. So guy's think for long term and start investing with even small amt and do SIP to generate handsome income in long term.

Well guy's now let's talk technical about this stock, As of now we have not seen flag pattern breakout, but if you are thinking for long term then you should not wait for pattern breakout, you should accumulate as much as possible until you are getting this in down levels. For short term traders also it is giving best entry, you can go with given levels but do not forget to put given stop loss. Earlier trend was highly aggressive in it, so once breakout will take place in it same momentum we can see again. In weekly timeframe MACD has given bullish crossover and price is above 200 DEMA and price is consolidating in between range of flag pattern, so all these indicating a bullish momentum has to come in it.. So go accordingly.

ABOUT COMPANY:-
Balaji Amines Ltd specialises in manufacturing Methylamines, Ethylamines, Derivatives of specialty chemicals and Pharma Excipients. These have been the main products, it also have facilities for the manufacturing of derivatives, which are down-stream products for various pharma/pesticide industries apart from user specific requirements. It is one of the largest manufacturers of aliphatic amines in India.

Market Cap
₹ 7,442 Cr.
Current Price
₹ 2,297
High / Low
₹ 2,915 / 1,873
Stock P/E
37.7
Book Value
₹ 496
Dividend Yield
0.44 %
ROCE
36.5 %
ROE
23.2 %
Face Value
₹ 2.00
Industry PE
32.8
Debt
₹ 43.9 Cr.
EPS
₹ 60.9
Promoter holding
53.7 %
Intrinsic Value
₹ 1,327
Pledged percentage
0.00 %
EVEBITDA
18.2
Change in Prom Hold
0.00 %
Profit Var 5Yrs
23.6 %
Sales growth 5Years
22.3 %
Return over 5years
39.8 %
Debt to equity
0.03
Net profit
₹ 243 Cr.
ROE 5Yr
26.1 %


PROS:-

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 23.6% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Debtor days have improved from 79.0 to 58.8 days.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.