Privi Speciality soars 36% in 2 days on JV with Switzerland-based Givaudan

With the past two days' rally, the stock of PSCL has more-than-doubled (up 101 per cent) in the past three months

Shares of Privi Speciality Chemicals hit a new high of Rs 1,799, up 13 per cent on the BSE in the intra-day trade on Monday, having rallied 36 per cent in the past two trading days, after the company and Givaudan SA signed a joint venture (JV) agreement for manufacturing highly specialized aroma chemicals for Givaudan.

Privi Speciality Chemicals (PSCL) is lndia's largest manufacturer and exporter of aroma chemicals. Meanwhile, Givaudan, a Company incorporated in Switzerland, is the global leader in fragrance creation.

"A new greenfield production facility will be built in Mahad, where Privi's main manufacturing plants