JB Chemicals rallies 19% in two days on strong June quarter numbers

Shares of JB Chemicals & Pharmaceuticals (JB Chemicals) moved higher by 10 per cent to Rs 985 on Wednesday, thereby surging 19 per cent in the past two trading days after the company reported strong earnings driven by growth in exports, API, and chronic therapies in the domestic market, along with lower sales and marketing costs during the lockdown.

The stock was trading at its fresh all-time high level, gaining 25 per cent in past four days. In the past six-months, the stock has soared 82 per cent against 25 per cent rise in the S&P BSE Sensex.

JB Chemicals’ consolidated net