Bengaluru, April 8 -- The shares of a pharmaceuticals company specializing in the manufacturing and supply of a wide range of pharmaceutical products jumped upto 5 percent upon receiving a work order from the Dominican Republic's Promese-CAL for Rs. 16.32 crores.

Price action

With a market capitalization of Rs. 474.42 crores on Tuesday, the shares of Medico Remedies Ltd jumped upto 4.7 percent, making a High of Rs. 58.50 per share compared to its previous closing price of Rs. 55.85 per share.

What Happened

Medico Remedies Ltd, engaged in the manufacturing and supply of a wide range of pharmaceutical products, has received a government supply order worth USD 1.9 (approximately Rs. 16.32 crores) million from the Dominican Republic's PRO...