Latest news with #IOLChemicalsandPharmaceuticals
Mint
22-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 22 May 2025
Stocks to buy under ₹ 100: After a strong start, the Indian stock market indices extended their early morning gains but soon came under sell-off pressure at higher levels in the second half of Wednesday. However, the key benchmark indices managed to end higher despite losing most of their morning gains. The Nifty 50 index finished 129 points higher at 24,813. The BSE Sensex gained 410 points and closed at 81,596. The Bank Nifty index added 197 points and regained the 55,000 peak. All the sectors ended the day in green, with realty and pharma top performers. The broader market had a mixed performance, as Midcaps slightly outperformed, whereas Smallcaps underperformed the key benchmark indices. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect markets to remain firm, supported by healthy domestic macros, decent corporate earnings, and prospects of an above-normal monsoon this year. Institutional buying in broader markets should provide further support." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index with the overall trend maintained positive witnessed a recovery amid the volatile session from near the 24700 zone to end on a positive note near the 24800 level with anticipation of retesting the 25000 zone in the coming session. The overall bias is maintained strong with the index indicating an ascending channel pattern on the daily chart with crucial support positioned near 24500, while on the upper side, a decisive breach above the 25000 zone shall trigger a fresh upward move in the coming days." "The Bank Nifty index continues to move within the tight range of 55700 and 54500 zones, close to the 55000 level, with the overall trend maintained positive. As mentioned earlier, we maintain our stance of the crucial support positioned near the 54000 level, which needs to be sustained. At the same time, a decisive breach above the 55800 zone shall trigger a breakout, and thereafter, we expect a fresh rise in the coming days," Shiju Kuthupalakkal said. Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today: Morepen Laboratories, IOL Chemicals and Pharmaceuticals, Vascon Engineers, IDBI Bank, Trident, and Spencer's Retail. 1] Morepen Laboratories: Buy at ₹ 65.94, Target ₹ 70.55, Stop Loss ₹ 63.63; and 2] IOL Chemicals and Pharmaceuticals: Buy at ₹ 86.27, Target ₹ 92.30, Stop Loss ₹ 83.25. 3] Vascon Engineers: Buy at ₹ 48 to ₹ 49.25, Targets ₹ 51, ₹ 53, ₹ 55, Stop Loss ₹ 46.40; and 4] IDBI Bank: Buy at ₹ 93 to ₹ 94.50, Targets ₹ 96, ₹ 98, ₹ 100, ₹ 103, Stop Loss ₹ 90.80. 5] Trident: Buy on dips at ₹ 31.20, Target ₹ 35.50, Stop Loss ₹ 28.90. 6] Spencer's Retail: Buy at ₹ 66, Target ₹ 70, Stop Loss ₹ 63.
Mint
22-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today — 22 May 2025
Stocks to buy under ₹ 100: After a strong start, the Indian stock market indices extended their early morning gains but soon came under sell-off pressure at higher levels in the second half of Wednesday. However, the key benchmark indices managed to end higher despite losing most of their morning gains. The Nifty 50 index finished 129 points higher at 24,813. The BSE Sensex gained 410 points and closed at 81,596. The Bank Nifty index added 197 points and regained the 55,000 peak. All the sectors ended the day in green, with realty and pharma top performers. The broader market had a mixed performance, as Midcaps slightly outperformed, whereas Smallcaps underperformed the key benchmark indices. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect markets to remain firm, supported by healthy domestic macros, decent corporate earnings, and prospects of an above-normal monsoon this year. Institutional buying in broader markets should provide further support." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index with the overall trend maintained positive witnessed a recovery amid the volatile session from near the 24700 zone to end on a positive note near the 24800 level with anticipation of retesting the 25000 zone in the coming session. The overall bias is maintained strong with the index indicating an ascending channel pattern on the daily chart with crucial support positioned near 24500, while on the upper side, a decisive breach above the 25000 zone shall trigger a fresh upward move in the coming days." "The Bank Nifty index continues to move within the tight range of 55700 and 54500 zones, close to the 55000 level, with the overall trend maintained positive. As mentioned earlier, we maintain our stance of the crucial support positioned near the 54000 level, which needs to be sustained. At the same time, a decisive breach above the 55800 zone shall trigger a breakout, and thereafter, we expect a fresh rise in the coming days," Shiju Kuthupalakkal said. Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today: Morepen Laboratories, IOL Chemicals and Pharmaceuticals, Vascon Engineers, IDBI Bank, Trident, and Spencer's Retail. 1] Morepen Laboratories: Buy at ₹ 65.94, Target ₹ 70.55, Stop Loss ₹ 63.63; and 2] IOL Chemicals and Pharmaceuticals: Buy at ₹ 86.27, Target ₹ 92.30, Stop Loss ₹ 83.25. 3] Vascon Engineers: Buy at ₹ 48 to ₹ 49.25, Targets ₹ 51, ₹ 53, ₹ 55, Stop Loss ₹ 46.40; and 4] IDBI Bank: Buy at ₹ 93 to ₹ 94.50, Targets ₹ 96, ₹ 98, ₹ 100, ₹ 103, Stop Loss ₹ 90.80. 5] Trident: Buy on dips at ₹ 31.20, Target ₹ 35.50, Stop Loss ₹ 28.90. 6] Spencer's Retail: Buy at ₹ 66, Target ₹ 70, Stop Loss ₹ 63. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
29-04-2025
- Business
- Business Upturn
IOL Chemicals and Pharmaceuticals shares jump nearly 5% after China approves Ibuprofen export
By Aditya Bhagchandani Published on April 29, 2025, 09:40 IST Shares of IOL Chemicals and Pharmaceuticals rose 4.69% to ₹68.58 in early trade on April 29, gaining ₹3.07 from the previous close of ₹65.51. The surge follows an announcement that the company has received regulatory approval to export its Ibuprofen product to China. In a regulatory filing dated April 28, IOL Chemicals confirmed that its product 'Ibuprofen' has been approved by the Center for Drug Evaluation (CDE) under China's National Medical Products Administration (NMPA). This enables the company to enter the Chinese pharmaceutical market with one of its key active pharmaceutical ingredients (APIs). Ibuprofen is a non-steroidal anti-inflammatory drug (NSAID) widely used to relieve pain, inflammation, and fever. The company noted that this approval marks a significant milestone in expanding its international presence. As of 9:38 AM, the stock traded in the range of ₹67.23 to ₹69.99. IOL Chemicals' market capitalization stood at ₹20,130 crore with a P/E ratio of 20.68 and dividend yield of 1.17%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Reuters
28-04-2025
- Reuters
India's IOL Chemicals says gas leak killed one, injured three in Punjab
April 28 (Reuters) - A gas leak at Indian chemicals maker IOL Chemicals and Pharmaceuticals ( opens new tab killed one person and injured three others, the company said on Monday. The leak occurred on Sunday at IOL's Barnala plant in Punjab, the company said. The leak has been contained, it said, without sharing any further details. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Of the three injured individuals, one has been discharged from the hospital, while the other two are under observation, IOL said in an exchange filing.
