Alkyl Amines Has Surged 345% in 2020. What’s Next for It?

  • Investing.com
  • Stock Market News
Alkyl Amines Has Surged 345% in 2020. What’s Next for It?
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Alkyl Amines Chemicals Ltd (NS: ALKY ), a small-cap chemicals company, saw its shares surge by 17.25% on Monday, January 4 on news that it is considering a stock split in its next board meeting on February 2.  The company is a supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical, and water treatment industries.

Alkyl Amines has surged over 345% from its 52-week low of Rs 1,021 to Rs 4,550 on January 4. Its rally is keeping in trend with the larger chemical space in India.

In an interview to CNBCTV18 on December 21, Marcellus Investment’s Saurabh Mukherjea said, “Alkyl Amines is in our smallcap portfolio and will stay there. Our reckoning is Alkyl Amines’ order book will hold up very nicely as the API space continues to boom.”

The company's trailing 12-month (TTM) EPS is at Rs 98.57 per share and the stock's price-to-earnings (P/E) ratio is 45.12 compared to the sector’s P/E of 39.05.

Alkyl Amines is planning to add new projects including amines. It has three manufacturing sites with 12 production plants and related utilities at Patalganga and Kurkumbh in Maharashtra and Dahej in Gujarat. The company also has an R&D center at Hadapsar, Pune.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles