IVP skyrockets 70% in 6 days post Q3 results; hits over 3-year high

Shares of IVP hit 10 per cent upper circuit for a third straight day, touching their highest level since August 2018 on the BSE

Shares of IVP hit 10 per cent upper circuit band for a third straight day, touching an over three-year high of Rs 201.85 the BSE in Friday's intra-day trade. It was quoting at its highest level since August 2018.

In the past six trading days, the stock of the commodity chemicals' company has zoomed 70 per cent after it reported 47 per cent year-on-year (YoY) growth in profit after tax (PAT) at Rs 6.38 crore. Revenue from operations jumped 74 per cent YoY at Rs 156.96 crore.

For the first nine months (April-December) of financial year 2021-22 (9MFY22),