Medico Remedies secures Rs 37.18 cr drug supply order from UP govt

Govt Defence OrderBusiness Updates View source PDF Explain this filing

MEDICO · price

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹51.52

prior close

₹51.39

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.0% vs market

Pharmaceuticals peers, median of 154sector-0.4%+0.5% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.5 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 154Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Medico Remedies has secured a government supply order worth about Rs 37.18 crore from Uttar Pradesh Medical Supplies Corporation Limited, a Government of UP entity, to supply multiple drugs. The company must complete the full supply by 31 October 2026. This is a domestic order and promoters have no interest in the awarding entity.

Likely market impact

Positive: sizeable government order strengthens revenue visibility through FY27. No related party concerns.