MedPlus continued to benefit from strong sales of products under its private label brands in both the pharmaceuticals and consumer wellness categories
Drugmakers Mankind Pharma's and Cipla's domestic revenues were boosted by strong demand for OTC medications, the companies said in their second-quarter earnings statements
The company reported consolidated net profit of Rs 38.74 crore ($4.6 million) for the quarter ended Sept. 30, compared to Rs 14.56 crore a year ago
The surge in Medplus Health shares came after the company announced that it has received a stay order against the suspension order of a store in Vikhroli, Maharashtra.
The public promoter of Medplus Health Services sold its entire stake worth Rs 836 crore through open market transactions on Monday