IOL Chemicals & Pharma zooms over 17%

Pharma major, IOL Chemicals & Pharmaceuticals was roaring during Friday’s trade on the BSE, the stock spiked over 17%. It witnessed spurt in volume by more than 11.35 times.

Jul 28, 2017 09:07 IST India Infoline News Service

Pharma major, IOL Chemicals & Pharmaceuticals was roaring during Friday’s trade on the BSE, the stock spiked over 17%. It witnessed spurt in volume by more than 11.35 times.

IOL Chemicals & Pharmaceuticals was trading at Rs 66, up by Rs 5.80 or 9.63% as of 1453 hours on Friday, on the BSE.

The stock attracted traded volume of 4,89,883 shares and traded value of Rs 332.09 lakh on the NSE. The company had hit its 52-week high of Rs 156.80 on September 29, 2016 and 52-week low on June 21, 2017.

IOL Chemicals and Pharmaceuticals Limited is a pharmaceutical company. The company is engaged in manufacturing and selling of organic chemicals and bulk drugs. It caters to both domestic and international markets. It operates through two segments: chemicals and drugs.

Meanwhile, S&P BSE Healthcare index was trading at 14391.65 level, down by 276.92 points or 1.89%.
 
Stock view:
 
IOL Chemicals & Pharmaceuticals Ltd is currently trading at Rs 67.6, up by Rs 7.4 or 12.29% from its previous closing of Rs 60.2 on the BSE.
 
The scrip opened at Rs 58.9 and has touched a high and low of Rs 70.8 and Rs 58.85 respectively. So far 709670(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 338.36 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 48.35 on 28-Jun-2017. Last one week high and low of the scrip stood at Rs 66.45 and Rs 59.85 respectively.
 
The promoters holding in the company stood at 41.19 % while Institutions and Non-Institutions held 0.12 % and 58.69 % respectively.
 
The stock is currently trading above its 200 DMA.

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