JB Chemicals nears record high in weak market, rebounds 8% from day's low

In the past three months, JB Chemicals & Pharma has outpaced the market by surging 48 per cent against 7.8 per cent decline in the S&P BSE Sensex

Shares of JB Chemicals & Pharmaceuticals gained 4 per cent to Rs 595.80 on the BSE on Friday, bouncing back 8 per cent from day’s low of Rs 550 in an otherwise weak market. The stock has already turned ex-date for interim dividend of Rs 10 per share on Tuesday, March 3, 2020.

The pharmaceutical company's stock was trading close to its record high of Rs 599, touched on February 14, 2020. In comparison, the S&P BSE Sensex was slipped 1,191 points, or 3.1 per cent, at 37,280, while S&P BSE Healthcare index was down 2 per cent at