India's MedPlus Health Services up nearly 11% after Q4 profit doubles

MedPlus Health Services

26/05/2023 05:12

** Shares of MedPlus Health Services Ltd  MEDP.NS  rise as
much as 10.76% to 764 rupees, their sharpest intraday pct gain
since Mar. 16
    ** The omnichannel retail pharmacy on Thursday reported
two-fold rise in Q4 net profit and 29.7% rise in rev from ops 
    ** Share price above 50-day, 100-day and 200-day simple
moving averages, suggesting bullish trend
    ** More than 282,000 shares change hands by 9:28 a.m. IST,
4.4x 30-day avg of 64,851 shares
    ** All 6 analysts covering the stock have a "buy" or "strong
buy" rating; median PT is 820 rupees - Refinitiv data
    ** Including session's gain, stock up 23.5% YTD


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