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IOL Chemicals and Pharmaceuticals moves up on incorporating wholly owned subsidiary
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IOL Chemicals And Pharmaceuticals is currently trading at Rs. 312.70, up by 2.70 points or 0.87% from its previous closing of Rs. 310.00 on the BSE.
The scrip opened at Rs. 310.15 and has touched a high and low of Rs. 313.70 and Rs. 309.05 respectively. So far 1249 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 715.30 on 26-Jul-2021 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. 338.50 and Rs. 297.50 respectively. The current market cap of the company is Rs. 1819.87 crore.
The promoters holding in the company stood at 43.69%, while Institutions and Non-Institutions held 3.18% and 53.13% respectively.
IOL Chemicals and Pharmaceuticals has incorporated wholly owned subsidiary namely ‘IOL Life Sciences’. The incorporation is to carry business in the field of Pharmaceuticals/Chemicals. The company has invested Rs 10 lakh by subscribing to 1 lakh equity shares of Rs 10 each in IOL Life Sciences directly/through nominees.
IOL Chemicals and Pharmaceuticals (IOLCP) is a leading organic chemicals manufacturers and suppliers.
