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

In the past six months, the stock has soared 82 per cent against 25 per cent rise in the S&P BSE Sensex.

Topics
JB Chemicals & Pharmaceuticals | Buzzing stocks | Markets

SI Reporter  |  Mumbai 



Image: iStock
JB Chemicals’ consolidated net profit for the quarter ended June 2020 (Q1FY20) nearly doubled to Rs 119 crore. (Image: iStock)

Shares of (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.

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First Published: Wed, September 16 2020. 14:25 IST

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