Himatsingka Seide announced that the government of Karnataka has given an in-principle approval to Himatsingka Seide for a proposal to expand its Hassan facility with an investment of Rs 13.25 billion.
The stock had outperformed the market over the past one month till Jun. 17, 2015, rising 0.30% compared with the Sensex's 1.80% decline. It outperformed the market in past one quarter, gaining 1.22% as against 6.62% fall in the Sensex.
Shares of the company gained Rs 1.95, or 2.47%, to trade at Rs 80.90. The total volume of shares traded was 30,511 at the BSE (10.04 a.m., Thursday).