India's MedPlus Health jumps after Q2 profit more than doubles

MedPlus Health Services

13/11/2024 05:13

** Shares of MedPlus Health Services  MEDP.NS  rise as much
as 7.4% to 724.95 rupees
    ** MEDP on Tuesday reported its Q2 consol net profit to more
than doubled to 387.4 mln rupees ($4.6 mln); rev from ops rose
~12% Y/Y    
    ** Co's retail business, which accounts for nearly all of
its revenue, rose 11.3% Y/Y
    ** More than 1.5 mln shares change hands, 6.5x of 30-day avg
    ** Avg rating of six analysts equivalent to "strong buy",
median PT is 840 rupees - LSEG data
    ** Stock down 6.5% YTD




($1 = 84.4000 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))