Aether Industries shares climb over 7%, hit 52-week high. Here’s why

Speciality chemical manufacturer Aether Industries’ shares rose 7.5% to reach Rs 1,056 ($14.58) during Friday’s BSE trade. This was attributed to the firm signing a license agreement with Saudi Aramco Technologies Company. The commercialisation deal for sustainable Converge polyols technology is expected to open the way for Aether’s activities in manufacturing and commercialisation of the product series. There is potential revenue worth targeting within the polyol market if Aether attains its objectives and the company has signed an LoI with a US-based oilfield services international in another boost to its commercial sphere.