{"id":147160,"date":"2025-04-08T15:25:39","date_gmt":"2025-04-08T09:55:39","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=147160"},"modified":"2025-04-08T15:28:35","modified_gmt":"2025-04-08T09:58:35","slug":"pharma-stock-jumps-5-after-receiving-supply-order-worth-16-cr-from-dominican-republic","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-5-after-receiving-supply-order-worth-16-cr-from-dominican-republic\/","title":{"rendered":"Pharma stock jumps 5% after receiving supply order worth \u20b916 Cr from Dominican Republic"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4192434382\"><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>The shares of a pharmaceuticals company specializing in the manufacturing and supply of a wide range of pharmaceutical products jumped upto 5 percent upon receiving a work order from the Dominican Republic&#8217;s Promese-CAL for Rs. 16.32 crores.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1157571209\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 474.42 crores on Tuesday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/MEDICO\" target=\"_blank\" rel=\"noreferrer noopener\">Medico Remedies Ltd<\/a><\/strong> jumped upto 4.7 percent, making a High of Rs. 58.50\u00a0 per share compared to its previous closing price of Rs. 55.85 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>Medico Remedies Ltd, engaged in the manufacturing and supply of a wide range of pharmaceutical products, has received a government supply order worth USD 1.9 (approximately Rs. 16.32 crores) million from the Dominican Republic&#8217;s PROMESE\/CAL&nbsp;<\/p><p>The order is to supply tablets, capsules, and dry syrups and it is expected to complete the supply within three months. PROMESE\/CAL is the program responsible for the centralized purchase and distribution of essential medicines for the public health sector, including pharmaceuticals in the Dominican Republic.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3571294423\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company<\/strong><\/h2><p>Medico Remedies Ltd is a pharmaceutical company specializing in the manufacturing and supply of generic medicines, including tablets, capsules, dry syrups, injectables, and more. It caters to both domestic and international markets, with a focus on affordable healthcare solutions. The company also participates in government contracts, supplying essential medicines to public health sectors.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Key Insights<\/strong><\/h2><p>The company maintains a low debt-to-equity ratio of 0.21, with promoter shareholding over 65 percent. It has achieved an average 3-year net profit growth of 19.88 percent, which reflects strong growth and stability of the company.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue rose by 36.2 percent from Rs. 30.04 crore to Rs. 40.92 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 1.45 crore to Rs. 2.62 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><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-1367798699\"><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>The shares of a pharmaceuticals company specializing in the manufacturing and supply of a wide range of pharmaceutical products jumped upto 5 percent upon receiving a work order from the Dominican Republic&#8217;s Promese-CAL for Rs. 16.32 crores. Price action With a market capitalization of Rs. 474.42 crores on Tuesday, the shares of Medico Remedies Ltd [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":49884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-147160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharma stock jumps 5% after receiving supply order worth \u20b916 Cr from Dominican Republic - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of a pharmaceuticals company specializing in the manufacturing and supply of a wide range of pharmaceutical products jumped upto 5 percent upon receiving a work order from the Dominican Republic&#039;s Promese-CAL for Rs. 16.32 crores.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-5-after-receiving-supply-order-worth-16-cr-from-dominican-republic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharma stock jumps 5% after receiving supply order worth \u20b916 Cr from Dominican Republic\" \/>\n<meta property=\"og:description\" content=\"The shares of a pharmaceuticals company specializing in the manufacturing and supply of a wide range of pharmaceutical products jumped upto 5 percent upon receiving a work order from the Dominican Republic&#039;s Promese-CAL for Rs. 16.32 crores.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-5-after-receiving-supply-order-worth-16-cr-from-dominican-republic\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-08T09:55:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-08T09:58:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Pharma-1-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-5-after-receiving-supply-order-worth-16-cr-from-dominican-republic\/\",\"url\":\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-5-after-receiving-supply-order-worth-16-cr-from-dominican-republic\/\",\"name\":\"Pharma stock jumps 5% after receiving supply order worth \u20b916 Cr from Dominican Republic - 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