This pharma stock zooms over 100% in 18 trading days

The stock hit a new high of Rs 723 during the day, up 16 per cent.

Shares of IOL Chemicals & Pharmaceuticals (IOL) continued their northward journey and rallied 16 per cent to Rs 723 on the BSE on Friday, on the back of over two-fold jump in trading volumes. The stock of the pharmaceutical company hit a new lifetime high today and has appreciated by 105 per cent in the past 18 trading days. On June 16, IOL ended at Rs 352.05 on the BSE.

In the past three trading days, the stock has surged 31 per cent after IOL said CARE Ratings upgraded the credit ratings by one notch for the banking facilities. The rating