Announced Thu, 2 Jul · 15:38 IST
Drug license of Bangalore store suspended for three days
Business Updates View source PDF
MEDPLUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹819.95
prior close
₹815.55
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3-0.2-0.1—-0.4-0.5-0.7-1.1+0.6-1.1-11.9———
Up moveDown movePending
AI summary
Subsidiary Optival Health Solutions received a 3-day suspension order for the drug license of its Subramanyanagar Rajajinagar store in Bangalore from the Drugs Control Administration. Order issued under Rule 65 of Drugs and Cosmetics Act, 1940. Estimated potential revenue loss is Rs 5.13 lacs. Optival operates the MedPlus retail pharmacy chain across India.
Likely market impact
Minor impact on subsidiary, around Rs 5.13 lacs revenue loss over 3 days from one Bangalore store. Negligible for overall company.