India, July 8 -- Shares of two of India's leading specialty amines manufacturers rose on Wednesday after the country's trade watchdog recommended anti-dumping duties on a key chemical intermediate used in pharmaceuticals, agrochemicals, and resins.

The market viewed the recommendation as a long-term positive for domestic producers, rather than a short-lived boost, helping lift both stocks even though only one of the companies manufactures the chemical.

Balaji Amines Limited was trading at Rs. 2,303.70 per share, up 11.41 percent from its previous close, with a market capitalization of Rs. 7,438.14 crore and a P/E of around 42. Alkyl Amines Chemicals Limited was trading at Rs. 1,917.90 to Rs. 1,930.50 as of late morning the same day, u...