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Shares of JB Chemicals & Pharmaceuticals surged 11 per cent and hit a new high of Rs 621 on the BSE on Wednesday on report that private equity funds are eyeing controlling stake in the pharmaceutical company.
The stock surpassed its previous high of Rs 599, touched on February 14, 2020. The trading volumes on the counter nearly doubled with a combined 720,000 share changing hands on the NSE and BSE till 10:58 am.
In the past one month, the stock rallied 39 per cent, against 15 per cent rise in the S&P BSE Sensex.
“Global buyout
The stock surpassed its previous high of Rs 599, touched on February 14, 2020. The trading volumes on the counter nearly doubled with a combined 720,000 share changing hands on the NSE and BSE till 10:58 am.
In the past one month, the stock rallied 39 per cent, against 15 per cent rise in the S&P BSE Sensex.
“Global buyout
