 "Bliss GVS Pharma soars over 30% in two days on bagging $35 million contract")
Shares of Bliss GVS Pharma were trading higher by 15% to Rs 181, extending their previous day’s 20% rally on the NSE, after the company announced that it had bagged a $35 million (approximately Rs 220 crore) contract for providing medical healthcare services in Kenya.
The Teachers Services Commission has awarded Bliss GVS Healthcare, the Kenyan step-down subsidiary of Bliss GVS Pharma, in association with Aon Kenya Insurance Brokers, an annual service contract worth $350 million to provide medical healthcare cover, the company said in a statement.
The stock opened at Rs 180 and hit a record high of Rs 188 on the NSE. The trading volumes on the counter jumped more than four times, with a combined 2.93 million shares changing hands on the NSE and BSE till 1109 hours. The CNX Nifty was down 0.95% at 8,404.
Meanwhile, thus far in 2015, the stock has zoomed 187% from Rs 63 compared to a sub-2% rise in the benchmark index.
The Teachers Services Commission has awarded Bliss GVS Healthcare, the Kenyan step-down subsidiary of Bliss GVS Pharma, in association with Aon Kenya Insurance Brokers, an annual service contract worth $350 million to provide medical healthcare cover, the company said in a statement.
The stock opened at Rs 180 and hit a record high of Rs 188 on the NSE. The trading volumes on the counter jumped more than four times, with a combined 2.93 million shares changing hands on the NSE and BSE till 1109 hours. The CNX Nifty was down 0.95% at 8,404.
Meanwhile, thus far in 2015, the stock has zoomed 187% from Rs 63 compared to a sub-2% rise in the benchmark index.
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