India's J. B. Chemicals slumps as state tax dept officers inspect premises

J B Chemicals and Pharmaceuticals

26/10/2023 08:46

** Shares of J. B. Chemicals & Pharmaceuticals  JBCH.NS  down as
much as 4.08% to 1244.45 rupees, their lowest since Aug. 3
    ** Pharma co says officers of Maharashtra Goods and Services
Tax Department commenced inspection on co's premises 
    ** Business operations will not be impacted, says co 
    ** Analysts' average rating is equivalent of "buy", their
median PT is 1,470.5 rupees 
    ** Stock last down 2.7%, trimming YTD gains to ~29%

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))