Camlin Fine surges 11% in one week after it starts production at Dahej unit

The company will produce Hydroquinone and Catechol, key raw materials for the business, at the lowest cost in the world at the Dahej facility, which shall benefit margins

Shares of Camlin Fine Sciences were locked in the 5 per cent upper circuit at Rs 102.35 on the BSE on Friday on the back of heavy volumes. Stock of the specialty chemicals company was trading at its 52-week high level, gaining 11 per cent in the past one week after the company announced commencement of commercial production at Dahej unit. In comparison, the S&P BSE Sensex was down 4 per cent during the same period

Trading volumes on the counter more-than-doubled with a combined 733,000 equity shares changing hands on the NSE and BSE till the time of writing