Shasun Chemicals extends gains

DALAL STREET SPIKES

Shasun Chemicals rose by over 10 per cent from its previous close of Rs 123.80 to its 52-week high of Rs 140.70, and settled for a close at Rs 136.

The volumes were firm, with nearly 9 lakh shares traded on the counter. Recently, the company had been in the news over leasing a laboratory in the US, and for the strong FY07 results.

The company's earnings are expected to improve owing to consolidation of the Rhodia acquisition in the UK.