Medico Remedies is currently trading at Rs. 48.46, up by 1.28 points or 2.71% from its previous closing of Rs. 47.18 on the BSE.
The scrip opened at Rs. 45.11 and has touched a high and low of Rs. 50.07 and Rs. 45.00 respectively. So far 16208 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 79.78 on 06-Feb-2025 and a 52 week low of Rs. 35.00 on 12-Aug-2025.
Last one week high and low of the scrip stood at Rs. 50.07 and Rs. 45.00 respectively. The current market cap of the company is Rs. 402.80 crore.
The promoters holding in the company stood at 61.38%, while Institutions and Non-Institutions held 0.31% and 38.30% respectively.
Medico Remedies has secured government supply order worth around Rs 73.23 crore from Uttar Pradesh Medical Supplies Corporation. The order is for supply of Azithromycin 500gm (tablets). The order is expected to be completed by October 31, 2026.
Uttar Pradesh Medical Supplies Corporation is the entity formed by Government of Uttar Pradesh (GoUP), is responsible for the centralized purchase and distribution of medicines, health supplies for GoUP and is committed to provide timely and effective Health Care Services to the people of Uttar Pradesh.
Medico Remedies is a leading manufacturer and exporter of pharmaceutical formulations including tablets, capsules and suspensions.
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