Medico Remedies: Stock jumps after receiving order from Ministry of Health and Medical Industry of Turkmenistan
News by Aliceblue News Desk
07 Oct 2025
Introduction
Leading pharmaceutical company has secured a USD 1.78 million government supply order from Turkmenistan’s Ministry of Health to provide tablets, capsules, and dry syrups, with supply to be completed within the shortest possible time.
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Share price movement of Medico Remedies
On October 7, 2025, Medico Remedies Ltd opened at ₹51.20, up 0.92% from its previous close of ₹50.73. The stock reached a high of ₹52.00 and a low of ₹50.10. By 1:09 PM, it traded at ₹51.00, with a market cap of ₹423.22 crore.
Medico Remedies Secures $1.78 Million Turkmenistan Order
Medico Remedies Limited has secured a government supply order worth USD 1,781,000 from the Main Pharmacy Association of Turkmenistan’s Ministry of Health and Medical Industry. The order includes tablets, capsules, and dry syrups.
The company will complete the supply within the shortest possible time. The order was awarded by an international entity, with no promoter group interest, and does not fall under related party transactions.
Stock performance of Medico Remedies for Period of 1 week, 6 months, and 1 year
Medico Remedies Ltd delivered a 1.83% return over the past week. The stock declined 14.8% over the past six months and gained 0.18% over the past year.
Shareholding pattern of Medico Remedies
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 62.60% | 63.80% | 66.80% |
| FII | 0.10% | 0.10% | 0.40% |
| DII | 0% | 0% | 1% |
| Public | 37.30% | 36.10% | 32.00% |
About Medico Remedies
Medico Remedies Ltd (NSE: MEDICO) is a pharmaceutical company manufacturing and marketing formulations, including antibiotics, antivirals, antimalarials, antacids, vitamins, supplements, and other drugs across various therapeutic segments in India.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Medico Remedies Limited share price going up today?
A: Medico Remedies Limited share price is rising after securing a USD 1,781,000 government supply order from Turkmenistan’s Ministry of Health.
Q: What does Medico Remedies Limited specialize in?
A: Medico Remedies Limited specializes in manufacturing and marketing pharmaceutical formulations, including antibiotics, antivirals, antimalarials, vitamins, supplements, and various therapeutic drugs.
Q: How much stake do promoters hold in Medico Remedies Limited stock?
A: Promoters hold a 62.60% stake in Medico Remedies Limited, reflecting significant ownership and control in the company.
News Author
Aliceblue News Desk
