Shares of Torrent Pharmaceuticals and JB Chemicals & Pharmaceuticals touched fresh 52-week highs after the Ahmedabad Bench of the National Company Law Tribunal (NCLT) sanctioned the merger of JB Chemicals into Torrent Pharmaceuticals.
Shares of Torrent Pharmaceuticals and JB Chemicals & Pharmaceuticals surged to fresh 52-week highs on Tuesday after the National Company Law Tribunal’s Ahmedabad Bench sanctioned the merger of JB Chemicals into Torrent Pharmaceuticals on Monday, July 6, 2026.Torrent Pharmaceuticals closed at ₹4,856.70, up 0.70 per cent from its previous close of ₹4,822.70, touching an intraday high of ₹4,878.90, its highest level in 52 weeks. The stock traded 5.36 lakh shares worth ₹260.15 crore during the session, with over 56 per cent of traded quantity resulting in delivery, indicating meaningful investor conviction. The stock carries a P/E of 76.34 and a total market capitalisation of ₹1,64,234 crore.JB Chemicals closed at ₹2,422.00, gaining 1.34 per cent from its previous close of ₹2,390.00, also touching a 52-week high of ₹2,428.80 intraday. Volume was heavier at 8.23 lakh shares worth ₹199.15 crore, with a notably high delivery percentage of 74.20 per cent, suggesting strong buying interest rather than speculative trading. The stock has a market cap of ₹38,855 crore and a P/E of 54.09.Both stocks have been strong performers over the past year, Torrent up 44.75 per cent and JB Chemicals up 48.20 per cent, outpacing their respective benchmark indices by a wide margin.The NCLT order, filed separately with stock exchanges by both companies on July 6, confirms the amalgamation under Sections 230 to 232 of the Companies Act, 2013, with JB Chemicals acting as the transferor and Torrent Pharmaceuticals as the transferee. The scheme will become legally effective only after the certified copy of the NCLT order is filed with the Registrar of Companies, and both companies state they will notify the exchanges once that milestone is reached.Published on July 7, 2026
