Healthcare stocks were trading in the positive zone, with the S&P BSE Healthcare index rising 183.06 points or 0.71% at 25936.52 at 09:50 IST. Among the components of the S&P BSE Healthcare index, IOL Chemicals & Pharmaceuticals Ltd (up 7.97%), J B Chemicals & Pharmaceuticals Ltd (up 7.49%),Caplin Point Laboratories Ltd (up 3.89%),Aurobindo Pharma Ltd (up 3.65%),Sun Pharma Advanced Research Company Ltd (up 3.18%), were the top gainers. Among the other gainers were Shalby Ltd (up 2.82%), Strides Pharma Science Ltd (up 2.72%), Granules India Ltd (up 2.56%), Unichem Laboratories Ltd (up 2.44%), and Aarti Drugs Ltd (up 2.24%). On the other hand, Lincoln Pharmaceuticals Ltd (down 1.58%), Neuland Laboratories Ltd (down 1.32%), and Wockhardt Ltd (down 0.87%) moved lower.
Healthcare shares fall
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Synopsis
J B Chemicals & Pharmaceuticals Ltd., incorporated in the year 1976, is a Mid Cap company (having a market cap of Rs 11387.90 Crore) operating in Pharmaceuticals sector.
Promoters held 55.91 per cent stake in the company as of March 31, 2020, while FIIs held 7.18 per cent, DIIs 14.35 per cent and public and other 22.35 per cent.
IIFL has buy call on J B Chemicals & Pharmaceuticals with a target price of Rs 1520. The current market price of J B Chemicals & Pharmaceuticals Ltd. is Rs 1473.35.
J B Chemicals & Pharmaceuticals Ltd., incorporated in the year 1976, is a Mid Cap company (having a market cap of Rs 11387.90 Crore) operating in Pharmaceuticals sector.