Shasun Chemicals gets the Merck booster

DALAL STREET SPIKES

Shasun Chemicals gained over 10 per cent to Rs 62.20 from its previous close of Rs 56.50. It touched an intraday high of Rs 67.40. Volumes were robust at over 6 lakh shares, compared with the two-week average traded quantity of 91,585 shares.

The company announced on Wednesday that it had signed a non-exclusive deal with Merck, allowing the latter to use Shasun's proprietary cross-coupling copper technology to manufacture and commercialise bulk drugs.