India's IOL Chemicals rises after share split plan

IOL Chemicals and Pharmaceuticals

19/12/2024 05:21

** Shares of IOL Chemicals and Pharmaceuticals Ltd  IOLC.NS 
rise as much as 7.6% to 436.7 rupees
    ** Chemical products maker says it will consider
sub-division of shares in board meeting on Dec. 27
    ** Stock on track to gain for 4th straight week, up 3.6% so
far this week
    ** More than 1.9 mln shares traded as of 10:48 a.m. IST,
6.6x their 30-day moving avg
    ** IOLC last up 6%, trimming YTD losses to 7.1%

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))