India's JB Chemicals and Pharma extends losses for 2nd day on stake sale report

J B Chemicals and Pharmaceuticals

29/02/2024 05:12

** Shares of JB Chemicals and Pharmaceuticals  JBCH.NS 
extend losses from yesterday, currently down 5.5% at 1,511.75
rupees
    ** Top shareholder KKR mulls selling controlling stake in
co, Bloomberg reported on Wednesday, citing people familiar with
the matter
    ** Stock closed almost 3% lower Wednesday 
    ** JBCH declined to comment, KKR did not immediately respond
to Reuters' requests
    ** Avg analyst rating is "buy"; median PT is 1,720.5 rupees
- LSEG data

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))