India's J B Chemicals and Pharma hits record high on Q3 profit climb

J B Chemicals and Pharmaceuticals

07/02/2024 06:55

** Shares of J B Chemicals and Pharmaceuticals  JBCH.NS 
rise as much as 12.5% to all-time high of 1,940 rupees 
    ** Indian drugmaker reported ~26% YoY rise in Dec-qtr consol
net profit on strong domestic and overseas demand
    ** Stock last up 4.5%, set for sixth straight session of
gains
    ** Volume tops 1.7 mln shares in heavy trading, 12.7x the
30-day moving avg
    ** Avg rating of 11 analysts on JBCH at "buy"; median PT is
1,655.50 rupees - LSEG data
    ** JBCH rose 67% in 2023, posting its fifth straight yearly
gain
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))