India's MedPlus down after suspension of unit's drug license

MedPlus Health Services

22/12/2023 06:06

** Shares of MedPlus Health Services  MEDP.NS  fall 2.2% to
729.7 rupees
    ** Drug retailer said on Thursday its unit received an order
for the suspension of its drug license for five days 
    ** Stock among top losers on Nifty Smallcap 100
index .NIFSMCP100 
    ** MEDP on track for second consecutive quarterly fall, if
trend holds; stock down over 5% during the period
    ** Stock currently trading 25% below its median PT of 974
rupees - LSEG data
    ** Stock trims gains, up 20% YTD


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))