Recently entered this stock as a momentum play. It is simply going up one way. I think people are buying it based on it having “Amines” in the name. There is very little public information available.
From screener, the fundamentals of the company look good: ROCE: 20% and TTM profit growth is 194% (which might be propelling this rally). EV/EBIT = 20 so still not priced outlandishly…
For comparison, Balaji Amines is priced at 30 EV/EBIT and alkyl amines at 50 EV/EBIT