Balaji Amines Soars 12%, Alkyl Amines Gains 8%: What's Fueling the Rally?
DSIJ Intelligence / 08 Jul 2026 / Categories: Mindshare, Trending
A government recommendation was enough to send amines stocks soaring, with Balaji Amines jumping up to 12 per cent and hitting a fresh 52-week high.
The government's recommendation to impose anti-dumping duty on ethylene diamine imports from China, the European Union, Saudi Arabia and Taiwan brought amines stocks back into focus on Wednesday. The proposed move strengthened investor sentiment across the sector. Buying interest remained firm throughout the session, helping Balaji Amines Ltd and Alkyl Amines Chemicals Ltd extend their gains.
Balaji Amines and Alkyl Amines Gain Up to 12%
Balaji Amines share price climbed more than 12 per cent during the session and touched an Intraday high of Rs 2,320. The stock also hit a fresh 52-week high and continued to trade close to that level. At the same time, Alkyl Amines Chemicals share price also witnessed strong buying. The stock gained more than 7.5 per cent and touched an intraday high of Rs 1,939. It is now trading at its highest level in 2026 so far.
What Led to the Rally?
The rally follows the government's recommendation to levy anti-dumping duty on imports of ethylene diamine from China, the European Union, Saudi Arabia and Taiwan. The process began after Balaji Speciality Chemicals Pvt. Ltd, a subsidiary of Balaji Amines Ltd, filed an application before the Designated Authority. The company sought an anti-dumping investigation into imports of ethylene diamine from the four regions.
After examining the application, the Directorate General of Trade Remedies (DGTR) initiated the investigation through a public notification issued on March 25, 2025. The probe was aimed at finding out whether imported ethylene diamine was being dumped in the Indian market and whether it had caused injury to domestic manufacturers.
The authority was also tasked with recommending an appropriate anti-dumping duty if the investigation confirmed such damage.
Why Does It Matter?
The recommendation comes after the trade-remedies investigation concluded that low-priced imports from the four regions had adversely affected domestic producers. If the Finance Ministry approves the recommendation and formally notifies the duty, imported products could become less competitive in the Indian market. That, in turn, may improve pricing power for domestic manufacturers and create a more favourable business environment for companies operating in the amines segment.
This expectation appears to have supported investor sentiment, resulting in strong buying across amines stocks.
About Balaji Amines Ltd
Incorporated in 1989, Balaji Amines Ltd manufactures specialty chemicals, aliphatic amines and their derivatives. The company also owns a five-star hotel in Solapur, Maharashtra. It holds a 55 per cent stake in Balaji Speciality Chemicals Pvt. Ltd, which is located in Solapur.
The share price was trading at Rs 2,200, up Rs 132.20 or 6.39 per cent, at 2:27 PM IST on July 8, 2026. Earlier in the day, the stock touched an intraday high of Rs 2,320 against its previous closing price of Rs 2,067.80, reflecting a gain of around 12.2 per cent. The rally also pushed the stock to a fresh 52-week high. The company's stock has delivered impressive returns across multiple time periods. It has surged 106.22 per cent so far in 2026 and has gained 20.30 per cent over the past one year.
About Alkyl Amines Chemicals Ltd
Incorporated in 1979 by Mr Yogesh Kothari, Alkyl Amines Chemicals Ltd is one of India's leading manufacturers of aliphatic amines, amine derivatives and specialty chemicals. The company operates three manufacturing facilities. Two are located in Maharashtra at Patalganga and Kurkumbh, while the third is situated at Dahej in Gujarat.
Its share price was trading at Rs 1,857.70, up Rs 62.10 or 3.46 per cent, at 2:28 PM IST on July 8, 2026. During the session, the stock touched an intraday high of Rs 1,939.70, around 8.02 per cent above its previous closing price of Rs 1,795.60. The move also took the stock to its highest level in 2026.
Its long-term performance, however, presents a mixed picture. The stock has gained more than 18 per cent so far in 2026. However, it remains down more than 18 per cent over the past one year.
Disclaimer: The article is for informational purposes only and not investment advice.