The stock so far has jumped 3.5 percent on the BSE.
Chambal Fertilisers & Chemicals is trading on a firm note after the company has executed business purchase agreement for sale of Birla Textile Mills to Sutlej Textiles & Industries on slump sale basis.
The company has informed the BSE that the aforesaid transaction is expected to be completed by 30 September, 2015.
The stock so far has hit a high at Rs. 59.60 and is now up 2.3 percent at Rs. 58.95.
Around 34,000 shares are traded on the BSE counter, as against two-week daily average volume of 49,000 shares.
Sutlej Textiles has rallied 8.8 percent to Rs. 502, with trades of around 19,000 shares on the BSE counter, when compared with two-week daily average volume of 13,000 shares.
Meanwhile, the Sensex has added 102 points at 27,883.
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