/ JB Chemicals Rises Over 4% On Buyback Proposal Consideration ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 17 May 2017


J.B. Chemicals and Pharmaceuticals during Wednesday’s trading session to rise over 4% at around 1130 hours on the NSE. The stock hit an intraday high of Rs 363.05 per share as it witnessed a huge spurt in volume by more than 2.48 times on the BSE.

The company in its filing to the exchanges said that the board of directors of the company at their meeting on May 23, 2017, are going to consider the buyback proposal of fully paid up equity share of the company.

The stock of the company on the NSE has delivered 34% returns in a period of one-year ahs has underperformed the BSE Small cap and outperformed the BSE Healthcare indices over the same time period.

J. B. Chemicals & Pharmaceuticals Limited is a pharmaceutical company. The company manufactures and markets a range of pharmaceutical formulations, herbal remedies and active pharmaceutical ingredient (APIs).

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