India's Venus Remedies gains after govt confers three star export house status

Venus Remedies

06/11/2023 08:41

** Shares of Venus Remedies  VENR.NS  rise as much as 6.22%
to 279.90 rupees apiece
    ** Stock on course to snap a four-day losing streak, if
gains hold
    ** The pharmaceutical formulations maker receives "three
star export house" certificate from Indian government
    ** Certification bestowed upon companies that consistently
report export growth and contribute to country's foreign trade
    ** Three-star export houses get benefits of Accredited
Clients Programme, under Central Board of Excise and Customs
(CBIC) guidelines
    ** Three-star export houses also eligible to export some
items on free of cost basis for export promotion
    ** VENR up 49% YTD - LSEG data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))