IOL Chemicals zooms on getting nod to export `Fenofibrate API` in China market
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IOL Chemicals is currently trading at Rs. 433.95, up by 24.65 points or 6.02% from its previous closing of Rs. 409.30 on the BSE.
The scrip opened at Rs. 420.05 and has touched a high and low of Rs. 449.05 and Rs. 420.05 respectively. So far 124522 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 535.60 on 15-Sep-2023 and a 52 week low of Rs. 333.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 449.05 and Rs. 400.05 respectively. The current market cap of the company is Rs. 2541.36 crore.
The promoters holding in the company stood at 48.19%, while Institutions and Non-Institutions held 1.70% and 50.11% respectively.
IOL Chemicals and Pharmaceuticals has received approval from China’s Drug Regulatory Authority viz National Medical Products Administration (NMPA) to export its ‘Fenofibrate API’ in China market. Fenofibrate is used to treat high cholesterol and triglyceride levels in the blood. ‘Fenofibrate’ is manufacture by the Company.
Earlier, the company had received Certificate of Suitability (CEP) for Allopurinol from European Directorate for the Quality of Medicines & Health Care (EDQM).
IOL Chemicals and Pharmaceuticals (IOLCP) is a leading organic chemicals manufacturers and suppliers.
