IOL Chemicals hits fresh 52-week low, stock down 50% from life-time high

For H1FY22, the company's profit after tax declined 62 per cent year on year to Rs 97.80, due to higher operational cost.

Shares of IOL Chemicals & Pharmaceuticals (IOLCP) hit a fresh 52-week low of Rs 445.50 on the BSE in Tuesday’s intra-day trade in an otherwise range-bound market on growth concerns.

In the past one month, the stock has slipped 20 per cent, as compared to nearly 3 per cent decline in the S&P BSE Sensex. In the last one year, the stock has tanked 43 per cent, as against 31 per cent rally in the benchmark index. The stock has more-than-halved from its record high level of Rs 898 touched on August 25, 2020.

IOLCP is one of