Haldyn Glass witnessed a sharp rise in share price on Wednesday after the company announced that the board of directors of the company approved the proposal for a joint venture (JV) with Heinz Glas International GMBH, Germany, for the manufacturing of perfume and cosmetic glass bottles for the export and local market.

Heinz Glas has more than 350 years of experience in the manufacture of high quality cosmetic and perfume glass bottles with presence at 16 locations in 12 countries across the world.

Shares of the company gained Rs 1.2, or 4.36%, to trade at Rs 28.70. The total volume of shares traded was 277,977 at the BSE (11.28 a.m., Wednesday).

The scrip has touched an intra-day high of Rs 30.95 and low of Rs 28.50. The total volume of shares traded at the BSE is 204,229.