{"id":127148,"date":"2024-06-25T14:14:43","date_gmt":"2024-06-25T08:44:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=127148"},"modified":"2024-06-25T14:37:11","modified_gmt":"2024-06-25T09:07:11","slug":"stock-hits-5-upper-circuit-after-company-signs-an-mou-with-ritemed-philippines","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-company-signs-an-mou-with-ritemed-philippines\/","title":{"rendered":"Stock hits 5% upper circuit after company signs an MoU with\u00a0RiteMED Philippines"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4277754231\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>SmallCap stock engaged in the business of processing, manufacturing, and trading of Laboratory Grade Chemicals and associated lab machinery hit a 5 percent upper circuit following a strategic partnership in the Philippines.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1220071293\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong>Price Action&nbsp;<\/strong><\/p><p>With a market capitalization of Rs. 3,561 Crores, the shares of Fischer Medical Ventures Limited hit a 5 percent upper circuit at Rs. 665.70, from its previous day\u2019s close price of Rs. 634.&nbsp;<\/p><p><strong>What Happened&nbsp;<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-402686271\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Fischer Medical Ventures Limited through its wholly owned subsidiary Time Medical International Ventures (India) Private Limited to indigenously manufacture advanced high-quality, cost-efficient Magnetic Resonance Imaging (MRI) systems in India.&nbsp;<\/p><p>Further DigiHealth Specialists Inc. (DigiHealth), a substantially owned subsidiary company of Fischer Medical Ventures Limited in the Philippines signed a Memorandum of Agreement with RiteMED Philippines, Inc. (RiteMED), a leading player in generic medicine in the Philippines.&nbsp;<\/p><p><strong>Objective&nbsp;<\/strong><\/p><p>The objective is to use DigiHealth\u2019s Automated Telehealth Machine (ATM) to bridge the gap in affordable quality healthcare with extensive primary care screening, simplifying doctor consultations and laboratory procedures, right in a premise with access to budget-friendly yet high-quality medicine, particularly targeting remote areas where access to quality healthcare remains challenging.&nbsp;<\/p><p>DigiHealth\u2019s ATM is an all-in-one health screening machine that conducts a comprehensive body diagnostic of over 60 clinical parameters within a mere seven (7) minutes. Aside from basic vital signs and BMI calculations, sugar level checks, hemoglobin, cholesterol, vision tests, rapid tests for infectious diseases, even mental health assessment and ECG can be done in DigiHealth ATM and consolidated in the patient\u2019s Electronic Health Record.&nbsp;<\/p><p>DigiHealth ATM truly makes it convenient for health screening and augments the shortage in healthcare workers efficiently at a very affordable cost, thus making the Universal Health Care program in the Philippines realizable. The<\/p><div class=\"trade-content-10\" id=\"trade-378753433\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Outlook Message&nbsp;<\/strong><\/p><p>Ms. Joyce Socao, Managing Director and CEO of DigiHealth, further states, \u201cDigiHealth ATM integrates cutting-edge technologies, including AI-assisted ECG readings and mental health scanners of World Health Organization (WHO) standards and HIPAA-compliance. This advanced health kiosk is ready to be introduced to RiteMED pharmacies across the Philippines, supported by real-time analytics and electronic health records, particularly focusing on underserved provinces.&nbsp;<\/p><p>On a national level, Digihealth targets to sell at least 10,000 units to reach out to the target population, especially the geographically isolated and disadvantaged communities, in support of the Universal Health Care that is being implemented in the country this year.\u201d&nbsp;<\/p><p><strong>About the company&nbsp;<\/strong><\/p><p>Fischer Medical Ventures Limited is engaged in the business of processing, manufacturing, and trading of Laboratory Grade Chemicals and associated lab machinery.&nbsp;<\/p><p><strong>Financials&nbsp;<\/strong><\/p><p>On a Consolidated basis in FY24, it reported revenue from operations of Rs. 20.98 Crores, with an EBITDA of Rs. 2.11 Crores, accompanied by profits of Rs. 1.84 Crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2392564124\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>SmallCap stock engaged in the business of processing, manufacturing, and trading of Laboratory Grade Chemicals and associated lab machinery hit a 5 percent upper circuit following a strategic partnership in the Philippines.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 3,561 Crores, the shares of Fischer Medical Ventures Limited hit a 5 percent upper circuit [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[19895,19897,19896,948,936,2597],"class_list":["post-127148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates","tag-fischer-medical","tag-fischer-medical-latest-news","tag-fischer-medical-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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