IOL Chemicals jumps nearly 14% on strong quarterly results
In short
IOL Chemicals and Pharmaceuticals jumped nearly 14% on Monday.
Trading volume was more than eight times higher, after quarterly results showed net profit more than doubling to ₹65.03 crore and revenue rising to ₹795.03 crore. The earnings update helped lift the stock.
What the reporting says
IOL Chemicals and Pharmaceuticals shares surged nearly 14% in Monday trading as volume jumped more than eightfold. The move followed quarterly results showing net profit more than doubling to ₹65.03 crore and revenue rising to ₹795.03 crore. The trading spike and stronger earnings drove the stock’s sharp gain on Dalal Street.
Why it matters
IOL Chemicals and Pharmaceuticals rose nearly 14% in Monday trade after reporting quarterly results with net profit above ₹65.03 crore and revenue of ₹795.03 crore. Volume was more than eight times normal, according to the summary, which suggests strong buying interest. The move is relevant for pharma investors watching earnings-led momentum.