Up 118% in 6 months! This volume shocker pharma stock skyrockets 14% despite weak trends on Dalal Street Do you own?
Indian markets moved higher in a quarterly results development.
· LiveMint Markets
IOL Chemicals and Pharmaceuticals shares surged nearly 14% in Monday trading as volume jumped more than eightfold. The rally followed quarterly results showing net profit more than doubling to ₹65.03 crore and revenue rising to ₹795.03 crore.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Sectors in the story: Pharma & Healthcare and Chemicals.
Pharma & Healthcare
1M +7.9% · 3M +3.3%
Chemicals
1M -3.9% · 3M -12.3%
Sector moves are the average of the stocks we track in each sector.
In this story
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