Stocks of IOL Chemicals and Pharmaceuticals Ltd ( IOLCP) are soaring high in Thursday’s session, after the company has obtained certification of EUGMP from National Institute of Pharmacy and Nutrition, Hungary, for its products in compliance with principles of Goods Manufacturing Practices, facilitating company’s expansion in the European market.
The stocks are trading up by about 10% at Rs 66.30 share apiece, on BSE. The stock opened at Rs 62.95, touched a high and low of Rs. 66.30 and Rs 62.95 respectively, per share. The stock is now trading below its 200 Direct market access.
IOLCP is one of the leading generic pharmaceutical majors, which plays significant role in the Organic chemicals sector. The company has broad presence across different therapeutic kinds such as Anti-diabetic, Anti hypertensive, Anti Convulsions and so on.