Pharma stock rally, Nov. 9 -- Shares of IOL Chemicals and Pharmaceuticals Limited rallied nearly 14% during Monday's intraday trading session after a surge in trading volume. The sharp spike in the pharmaceutical stock has come days after a 117% rally over the last six months.

While the stock has delivered strong returns over the past few months, its recently-announced quarterly results have sparked fresh interest among investors. IOL Chemicals and Pharmaceuticals' net profit more than doubled during the second quarter of financial year 2026-27.

IOL Chemicals and Pharmaceuticals share price witnessed a sharp surge in trading volume by more than 8.81 times during Monday's trading session. At 9:51 am, over 96,059 shares had changed hands ...