India's Themis Medicare jumps most in a week after product launch

Themis Medicare

04/01/2023 04:17

** Shares of Themis Medicare Ltd  THEM.NS  rise as much as
5.33% to 1,414 rupees, biggest intra-day pct. gain since Dec 26
    ** The pharma company said on Tuesday that it has launched a
global brand of estradiol novel drug delivery system named
Lenzetto
    ** Product meant for treatment of menopausal symptoms 
    ** Stock displays a bullish bias, trading consistently above
its 50-day, 100-day, and 200-day simple moving averages for more
than a month
    ** ~5,400 shares change hands by 9:34 a.m. IST vs 30-day avg
of 32,200 shares
    ** Stock was up 43.5% last year
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))