Balaji Amines tumbled 16.49% to Rs 40.50 at 9:44 IST on BSE after net profit declined 41.6% to Rs 4.20 crore on 27.6% growth in net sales to Rs 137.51 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced after market hours on Wednesday, 29 January 2014.
Meanwhile, the S&P BSE Sensex was down 194.55 points or 0.94% at 20,452.75.
On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 18,472 shares in the past one quarter.
The stock hit a high of Rs 45.70 and a low of Rs 39.50 so far during the day. The stock had hit a 52-week high of Rs 54.80 on 3 December 2013. The stock had hit a 52-week low of Rs 28.40 on 21 August 2013.
The stock had outperformed the market over the past one month till 29 January 2014, sliding 0.1% compared with the Sensex's 2.58% fall. The scrip had also outperformed the market in past one quarter, jumping 31.44% as against Sensex's 1.35% fall.
The small-cap company has equity capital of Rs 6.48 crore. Face value per share is Rs 2.
Balaji Amines manufactures methylamines, ethylamines, derivatives of specialty chemicals and natural products.
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