Ashish Kacholia's Secret Small-Cap Pharma Stock Gets Green Light for European Export

The stock gave multibagger returns of 280 per cent in 5 years whereas BSE small-cap index is up by 65 per cent.

Today, shares of IOL Chemicals & Pharmaceuticals jumped 2.56 per cent to an intraday high of Rs 408.50 per share. At the closing bell, shares of the company were in green, up 2.27 per cent to Rs 407.35 per share.  

IOL Chemicals & Pharmaceuticals Ltd informed that the European Directorate for the Quality of Medicines & Health Care (EDQM) has issued a “Certificate of Suitability for Paracetamol” on May 3, 2023. This will enable the Company to export Paracetamol in European Market.  

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IOL Chemicals & Pharmaceuticals Ltd is a leading pharmaceutical (APIs) company and is a significant player in the speciality chemicals space. It serves the domestic and export market.   

Talking about the financials, this BSE Small-Cap company has a market cap of Rs 2,391.37 crore. The company reported positive numbers in its Quarterly Results and annual results. The net sales rose by 3 per cent and net profit skyrocketed 133 per cent in Q4FY23 over Q4FY22. In FY23, net sales rose by 11 per cent over FY22.   

The stock gave multibagger returns of 280 per cent in 5 years whereas BSE small-cap index is up by 65 per cent. Investors should keep an eye on this pharma stock.