IOL Chemicals and Pharma surges nearly 10%; receives certification

IOL Chemicals and Pharmaceuticals' stocks are soaring high in Thursday’s session, although BSE Sensex and Nifty 50 index are bearish.

Apr 13, 2017 05:04 IST India Infoline News Service

Bull Market Trend
IOL Chemicals and Pharmaceuticals' stocks are soaring high in Thursday’s session, although BSE Sensex and Nifty 50 index are bearish.
 
The stocks are trading up by nearly 10% at Rs 66.30 per share on BSE.
 
The company has received EUGMP certification from National Institute of Pharmacy and Nutrition, Hungary, for its products, confirming compliance with principles of Goods Manufacturing Practices as provided by EU legislation.
 
This will facilitate the company's expansion in the European market.
 
The stock opened at Rs 62.95, touched a high of Rs 66.30, and a low of Rs 62.95 per share.
 
BSE Small-cap index is taking a vertical climb, being up by nearly 78 points at 14930 levels.
 
There are 983 advances, 592 declines and 372 unchanged stocks in NSE, showcasing a positive vibe on the bourses.  
   
Stock view:
 
So far 752904(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 338.92 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 155.95 on 23-Sep-2016 and a 52 week low of Rs 58.95 on 12-Apr-2017. Last one week high and low of the scrip stood at Rs 66.95 and Rs 58.95 respectively.
 
The promoters holding in the company stood at 39.92 % while Institutions and Non-Institutions held 0.13 % and 59.95 % respectively.
 
The stock is currently trading below its 200 DMA.

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