IOL Chemicals and Pharmaceuticals gains on getting nod to incorporate wholly owned subsidiary
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IOL Chemicals and Pharmaceuticals is currently trading at Rs. 342.80, up by 1.00 points or 0.29% from its previous closing of Rs. 341.80 on the BSE.
The scrip opened at Rs. 347.90 and has touched a high and low of Rs. 347.90 and Rs. 341.80 respectively. So far 9877 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 536.70 on 07-Apr-2022 and a 52 week low of Rs. 295.10 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 368.05 and Rs. 336.20 respectively. The current market cap of the company is Rs. 2013.89 crore.
The promoters holding in the company stood at 43.69%, while Institutions and Non-Institutions held 2.46% and 53.83% respectively.
IOL Chemicals and Pharmaceuticals has received approval to incorporate wholly owned subsidiary of the Company in United Kingdom (UK) which gives better business growth opportunities and promoting business globally. The board of directors at its meeting held on November 14, 2022 has approved the same.
IOL Chemicals and Pharmaceuticals (IOLCP) is a leading organic chemicals manufacturers and suppliers.
