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Today the demand for shares of MedPlus Health Services is high in the stock market. This is the reason that the company’s share prices have seen a rise of more than 18 percent. Investors got the trend after seeing the results of the fourth quarter (Q4 Result 2023). Let me tell you, during January to March, the net profit of the company has seen an increase of more than 2 times.
Excellent performance of the company in the March quarter
The pharma company has said in the information given to the stock market that the net profit in the last quarter of the last financial year was Rs 26.58 crore. Whereas in the same quarter a year ago, the net profit of the company was Rs 11.73 crore. At the same time, there has been an increase of 30 percent year-on-year in the consolidated revenue.
The stock giving 1658 percent return will be divided into 2 pieces, the stock is on the upper circuit
Price jumped close to 19 percent
Shares of MedPlus Health Services opened at Rs 689.85 on BSE on Friday morning. In no time, the stock reached an intra-day high of Rs 823.65. Today itself, there has been a rise of about 19 percent in the stock of this pharma company. Share prices of MedPlus Health Services have seen a rally of more than 20 percent in the last one year. Let us tell you, the company’s 52 week high in BSE is Rs 920 per share and 52 week low is Rs 570 per share.
