IOL Chemicals & Pharmaceuticals Ltd Share Price – NSE  /  BSE

Pharmaceuticals, Small Cap

Triveni Turbine Ltd, Somany Ceramics Ltd, JBM Auto Ltd and Polyplex Corporation Ltd are among the other gainers in the BSE's 'A' group today, 19 March 2024.

IOL Chemicals & Pharmaceuticals Ltd surged 11.74% to Rs 403.95 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.51 lakh shares were traded on the counter so far as against the average daily volumes of 31863 shares in the past one month.

Triveni Turbine Ltd soared 7.27% to Rs 494.95. The stock was the second biggest gainer in 'A' group. On the BSE, 2.52 lakh shares were traded on the counter so far as against the average daily volumes of 98745 shares in the past one month.

Somany Ceramics Ltd spiked 7.15% to Rs 652. The stock was the third biggest gainer in 'A' group. On the BSE, 9247 shares were traded on the counter so far as against the average daily volumes of 2145 shares in the past one month.

JBM Auto Ltd exploded 5.84% to Rs 1984.7. The stock was the fourth biggest gainer in 'A' group. On the BSE, 15789 shares were traded on the counter so far as against the average daily volumes of 26673 shares in the past one month.

Polyplex Corporation Ltd added 5.42% to Rs 823.25. The stock was the fifth biggest gainer in 'A' group. On the BSE, 14205 shares were traded on the counter so far as against the average daily volumes of 21420 shares in the past one month.

Powered by Capital Market - Live News

The domestic benchmarks traded in a narrow range in mid-morning trade. The Nifty traded below the 22,000 level. FMCG shares extended losses for the second consecutive trading sessions.

At 11:27 IST, the barometer index, the S&P BSE Sensex, was down 566.06 points or 0.78% to 72,190.72. The Nifty 50 index lost 1901.80 points or 0.87% to 21,864.90.

In the broader market, the S&P BSE Mid-Cap index slipped 1.21% and the S&P BSE Small-Cap index shed 0.78%.

The market breadth was weak. On the BSE, 1,265 shares rose and 2,313 shares fell. A total of 137 shares were unchanged.

Buzzing Index:

The Nifty FMCG index declined 1.69% 52,998.05. The index slipped 2.14% in the past two trading sessions.

Nestle India (down 3.28%), Colgate-Palmolive (India) (down 3%), Godrej Consumer Products (down 2.86%), United Breweries (down 2.22%), United Spirits (down 2.14%), Britannia Industries (down 2.08%), Tata Consumer Products (down 1.96%), Marico (down 1.92%), Hindustan Unilever (down 1.7%) and Varun Beverages (down 1.57%) declined.

Stocks in Spotlight:

IOL Chemical & Pharmaceuticals surged 12.37% after Brazilian Health Regulatory Agency (ANVISA) has successfully completed the GMP audit of the company’s 10 APIs manufacturing units situated at Barnala, Punjab.

Inox Green Energy Services (IGESL) declined 2.78%. The company has announced that its subsidiary, I-Fox Windtechnik India received letter of award (LoA) from NLC India (NLCIL) for restoration of 33 wind turbine generators (WTGs) worth Rs 39.5 crore.

Global Markets:

Asian stocks traded mixed as investors await cues from various central bank decisions over the week. Japan’s central bank raised its benchmark interest rate, the short term rate was raised to a range of 0% to 0.1% from -0.1%. It’s the first rate hike since February 2007.

Australia’s central bank will also announce its rates policy on Tuesday and is widely expected to hold rates.

Wall Street's main indexes closed higher on Monday, as tech companies gained, while investors awaited monetary policy guidance from the Federal Reserve. Investors will be watching insights on the U.S. central bank's future rate trajectory.

Powered by Capital Market - Live News

The inspection was conducted from 11th March 2024 to 15th March 2024. At the end of the inspection (ANVISA) gave zero observations.

IOL Chemicals & Pharmaceuticals is engaged in the manufacturing and selling of pharmaceutical and chemical products. The company caters to both domestic and international market.

The company’s consolidated net profit declined 2.9% YoY to Rs 23.08 crore in Q3 FY24. Net sales fell marginally 0.6% to Rs 520.39 crore in Q3 FY24 as against Rs 523.48 crore in Q3 FY23.

Powered by Capital Market - Live News

IOL Chemicals & Pharmaceuticals announced that the company's product “Metformin Hydrochloride” has been approved by Center for Drug Evaluation (CDE) of National Medical Products Administration (NMPA), China.

This will enable the Company to export Metformin Hydrochloride in China Market. Metformin Hydrochloride is an antidiabetic drug which is used to manage the high blood sugar levels in diabetes patients.

Powered by Capital Market - Live News