Indo Amines on 20% UC, new high
By
Research Desk
about 8 years ago
Right from 30th Oct, Indo Amines has been hitting new highs and today morning was no different. From yesterday’s close of Rs.67.05, it opened itself 20% higher at Rs.80.45, hitting the UC and a new high.
The company, which makes fatty amines, amine derivatives that are used by various industries for direct application, announced yesterday that it has received an approval from United States Environmental Protection Agency to sell 10 of its chemical products in the American market. Though no financial gains from this approval is spelt out by the company, the market, which is on the lookout for small and midcap stocks, Indo Amines seems to have caught the fancy.
The company will be declaring its Q2FY17 numbers on 12th Nov.