IOL Chemicals & Pharmaceuticals surged 9.04% to Rs 68.75 at 10:02 IST on BSE after net profit spurted 319.7% to Rs 2.98 crore on 32.9% increase in net sales to Rs 215.31 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours on Friday, 18 August 2017.
Meanwhile, the S&P BSE Sensex was up 91.96 points, or 0.29% at 31,616.64. The S&P BSE Small-Cap index was up 74.55 points, or 0.48% at 15,692.50.
High volumes were witnessed on the counter. On the BSE, 75,000 shares were traded on the counter so far as against the average daily volumes of 28,024 shares in the past one quarter. The stock had hit a high of Rs 72 and a low of Rs 68 so far during the day. The stock had hit a 52-week high of Rs 155.95 on 23 September 2016 and a 52-week low of Rs 48.35 on 28 June 2017.
The stock had underperformed the market over the past one month till 18 August 2017, declining 3.52% compared with the Sensex's 0.59% fall. The scrip had also underperformed the market over the past one quarter advancing 1.04% as against the Sensex's 3.58% rise. The scrip had also underperformed the market over the past one year declining 55.03% as against the Sensex's 12.09% rise.
The small-cap company has equity capital of Rs 56.21 crore. Face value per share is Rs 10.
IOL Chemicals & Pharmaceuticals is one of the leading generic pharmaceuticals companies and is significant player in the speciality chemicals space.
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