India: IOL Chemicals advances with renewal of Halal Certificate


Capital Market

IOL Chemicals & Pharmaceuticals rose 3.83% to Rs 75.90 at 14:28 IST on BSE after the company got renewal of ‘Halal Certificate’ from Hold Committee, Jamiat Ulama- E – Maharashtra.

The company made announcement during market hours today, 1 July 2015.

The stock had outperformed the market over the past one month till 30 June 2015, rising 51.5% compared with 0.17% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 155.15% as against Sensex’s 0.7% decline.

IOL Chemicals & Pharmaceuticals said that the company has got renewal of ‘Halal Certificate’ from Hold Committee, Jamiat Ulama – E – Maharashtra for Ibuprofen, iso Buty / Benezene, Ethyl Acetate and other products of the company for the year 2015-2016. It will facilitate the company to explore untapped export markets for its products, IOL Chemicals & Pharmaceuticals said.

The company established in 1986, is  one of India’s leading generic pharmaceutical companies, and is a significant player in the Organic chemicals space. IOLCP has wide presence across various therapeutic categories like, Pain Management, Anti-diabetic, Anti hypertensive, Anti Convulsants, etc.