Medplus Health shares zoom 12% after Q4 profit jumps two fold

Medplus Health Services' shares rose by 12% to Rs 772.7, due to its two-fold rise in profits in the March quarter, primarily boosted by strong sales in its key retail test. The company sold medicines online besides through its retail outlets throughout India resulting in a revenue increase from retail of about 29% to Rs 1,241 crore, which accounted for almost all of its total revenue. At present, the stock is trading at 11.5% higher, with a year-to-date increase of 24%. The average target price for the stock is Rs 808, with a consensus Buy recommendation from six analysts.

Medplus Health shares zoom 12% after Q4 profit jumps two fold
Medplus Health Services' shares rose by 12% to Rs 772.7, due to its two-fold rise in profits in the March quarter, primarily boosted by strong sales in its key retail test. The company sold medicines online besides through its retail outlets throughout India resulting in a revenue increase from retail of about 29% to Rs 1,241 crore, which accounted for almost all of its total revenue. At present, the stock is trading at 11.5% higher, with a year-to-date increase of 24%. The average target price for the stock is Rs 808, with a consensus Buy recommendation from six analysts.