Aarti Industries soars on discussion with Japanese major for JV

Aarti Industries Ltd has announced that the Company is at an advanced stage of discussions with a multi billion Japanese Chemical Major for a proposed 50% Joint Venture for the purpose of manufacturing various Speciality Chemicals with applications in high growth markets such as Polymers, Additives, High Purity Electronic Chemicals, etc.

The stock was trading at Rs.45.50, up by Rs.2.95 or 6.93%. The stock hit an intraday high of Rs.46.80 and low of Rs.39.75. The total traded quantity was 3272181 compared to 2 week average of 923191.

The stock is in limelight for the past few days with the price rising Rs.18.05 or 65.76% in last 1 week from Rs.27.45 on 12-June-2007.

Source : Equity Bulls

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