Bliss GVS Pharma: The pharma stock of the day
DSIJ Intelligence / 30 Nov 2016
Bliss GVS Pharma has emerged as the pharma stock of the day. November 30 seems to be a good day for the company as major pharma companies are trading flat or are marginally down.
Bliss GVS Pharma has emerged as the pharma stock of the day. November 30 seems to be a good day for the company as major pharma companies are trading flat or are marginally down. Bliss GVS Pharma, which previously closed at Rs 146, opened at Rs 147 on November 30 and as on 9.56 a.m., was trading at Rs 164.05, up by more than 11 per cent. The shares of the company in the last six months have given a return of 80 per cent. The 52-week high/low of the scrip stands at Rs 190.70/79.00.
Recently, the company informed that it had won a 3-year contract worth USD 111.40 million for provision of medical healthcare services in Kenya. However, the financials of the company in Q2FY17 have been disappointing. The net profit of Bliss GVS Pharma has declined 41 per cent and stood at Rs 23.04 crore.
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