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Why Jefferies sees 50% upside in a healthcare distributor that listed at a discount

The brokerage, initiating coverage on the stock with a buy recommendation, said that the company is well placed to deliver an organic revenue growth that is 2x the industry's pace over FY24-26E.

Medplus Health Services in red after subsidiary's store licence is suspended

The Thane Food and Drug Administration has suspended the drug license for the store in Khopat Thane for 15 days

Medplus Health Services shares fall as subsidiary faces drug licence suspension

The share touched a 52-week high of Rs 977.45 and a 52-week low of Rs 599.10 on 31 July, 2023 and 11 January, 2023, respectively.

MedPlus Health Services Ltd. engages in the operation of pharmacies. Its pharmacies carry medicines, vitamins, medical devices, test kits, and fast-moving consumer goods. It also conducts pathological services and distributes medical and surgical supplies through RiteCure and its online pharmacy Medplus Mart. The company was founded by Madhukar Gangadi in February 2006 and is headquartered in Hyderabad, India.

MedPlus Health Services Ltd

Volume	162,570.00
52-Wk High	978.00
52-Wk Low	598.60

MEDPLUS.NSE MedPlus Health Services Ltd

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