Clariant Chemicals zooms up 15%

Clariant Chemicals is literally on fire today. The stock is showing some 20 times surge in volumes and it is up 15% at Rs.995, its current intra day high. Its 52-week high is at Rs.1055.

The stock has zoomed up like a rocket after it announced today that it has received an aggregate consideration of Rs. 1,102.50 crore in full & final payment in connection with its agreement to sell its land located in Kolshet, Thane aggregating to about 87 acres to M/s. Ishwer Realty and Technologies Private Limited (a subsidiary of Lodha Developers).