Why Balaji Amines Share Price Falling - VRGyani News


Monday, March 25, 2024

Why Balaji Amines Share Price Falling

26 March 2024: There are a few reasons why Balaji Amines share price has been falling:

  1. Weak financial performance:  The company has been struggling with declining sales and profits over the past few quarters. In Q1 FY24, revenue and net profit fell significantly compared to the previous year. This could be due to rising raw material prices, competition from Chinese imports, and sluggish demand from key sectors.
  2. Management reshuffle:  In May 2023, several independent directors and the CFO resigned from the company. This sudden exodus raised concerns among investors about the company's stability and future prospects, leading to a drop in share price.
  3. Profit booking after a rally:  Prior to the recent decline, Balaji Amines' share price had seen a significant increase due to factors like supply disruptions from China. Once profits were locked in, some investors may have sold their holdings, contributing to the price drop.

No comments:

Post a Comment

Latest Travel News

Latest Stock Market News

Trending Stocks and Index

Latest Business News

Trending This Week