Indo Amines shares were locked in 20 per cent upper circuit at its 52-week high price of Rs 80.45 after the company post market hours on Wednesday announced that it has received approval for 10 specialty chemicals from US environment body.
Mumbai-based Indo Amines, which deals in the business of specialty chemicals, said that United States Environmental Protection Agency has approved sale of 10 products in the American market.
Following this development, the shares of Indo Amines came in high demand as there were a total of 1,69,863 pending buy orders on the BSE. Trading volumes also surged as 53,000 shares changed hands compared with an average 23,000 shares traded daily in the past two weeks.
As of 11:51 a.m., Indo Amines shares were locked in 20 per cent upper circuit at Rs 80.45, outperforming the Nifty which was trading on a flat note.
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