J B Chemicals scales record high after strong Q1 outcome

J B Chemicals & Pharmaceuticals jumped 11.7% to Rs 348.45 at 14:10 IST on BSE after net profit rose 25.79% to Rs 49.85 crore on 7.75% rise in net sales to Rs 300.79 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 26 August 2016.

Meanwhile, the S&P BSE Sensex was down 109.81 points, or 0.39%, to 27,726.10

On BSE, so far 5.61 lakh shares were traded in the counter as against average daily volume of 22,244 shares in the past one quarter. The stock hit a high of Rs 353.75 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 311 so far during the day. The stock had hit a 52-week low of Rs 228.30 on 12 February 2016. The stock had outperformed the market over the past 30 days till 25 August 2016, rising 14.14% compared with Sensex's 0.67% fall. The scrip had also outperformed the market in past one quarter, advancing 22.02% as against Sensex's 4.44% rise.

The small-cap company has an equity capital of Rs 16.96 crore. Face value per share is Rs 2.

J B Chemicals & Pharmaceuticals, one of India's leading pharmaceutical companies, manufactures & markets a diverse range of pharmaceutical formulations, herbal remedies and active pharmaceutical ingredient (API)'s.

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