Bilcare: Surges on Walmart tie-up

DALAL STREET SPIKES

Bilcare stocks rose 1.32 per cent to Rs 744.60 a share on reports that the firm has tied up with US’ largest medicine retail chain Wal-Mart to provide innovative packaging solutions for medicines distributed under its $4 prescription programme.

However, the shares rose on thin volumes with the total volumes of shares traded on the BSE hovering around 2668 shares. The company provides comprehensive packaging solutions to the pharmaceutical and healthcare sector. Shares soared to a high of Rs 762 a share and a low of Rs 730 a share in intra day trading in a weak Mumbai market.