India's IOL Chemicals and Pharma at over 1-mth high on CEO appointment

IOL Chemicals and Pharmaceuticals

05/04/2023 08:02

** IOL Chemicals and Pharmaceuticals' shares  IOLC.NS  rise
as much as 5.3% to 316.50 rupees, their highest since Feb. 17
    ** The Indian drugmaker appoints Vikas Vij as CEO, effective
April 3
    ** Stock crosses 50-day moving average for the first time
since Jan. 20
    ** Stock continues to stay below 100- and 200-day moving
averages since Jan. 11
    ** Stock on track for a second consecutive session of gain,
if trends hold
    ** More than 392,980 shares change hands by 12:14 p.m. IST,
1.4x 30-day avg of 284,902 shares
    ** Stock last up 2.2%, cutting year to date losses to 17.7%

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((Dimpal.Gulwani@thomsonreuters.com;))