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VMPL
Mumbai (Maharashtra) [India], March 21: Medico Remedies Ltd. (NSE: MEDICO), a leading pharmaceutical manufacturer specializing in tablets, capsules, and injectables, has announced its strategic expansion into the ointment production sector. This move is expected to drive significant growth, making the company an attractive investment opportunity. Strong Financial Performance & Investment Potential Medico Remedies Ltd. has shown a robust financial trajectory, with a current stock price of Rs50.50, a market capitalization of Rs488 crore, and ROCE of 113.2%. The company's ROE stands at an impressive 172%, making it a lucrative choice for investors seeking high returns. With seven manufacturing units operating under strict quality control, Medico Remedies is poised for exponential growth, leveraging its extensive product range and strong distribution network across multiple countries. Strategic Expansion & Market Growth Medico Remedies Ltd. is recognized for its high-quality, WHO-GMP-certified pharmaceutical products catering to both domestic and international markets. With a strong foothold in antibiotics, analgesics, anti-ulceratives, anti-inflammatory drugs, and more, the company is now diversifying its portfolio with ointment manufacturing. The company has set up state-of-the-art facilities adhering to stringent international standards, including approvals from WHO GMP, ISO 9001:2015, and regulatory bodies like US FDA and European health authorities. This expansion aligns with Medico Remedies' commitment to providing innovative healthcare solutions and strengthening its global presence. Management Expertise & Vision Led by Mr. Haresh Mehta, CEO & CFO, Medico Remedies has built a reputation for delivering top-quality pharmaceutical solutions. Mr. Mehta emphasizes the company's mission to expand into high-demand therapeutic segments, ensuring sustained growth and profitability. Mr. Harshit Mehta, Director, highlights the company's commitment to developing a diverse product range that meets global healthcare needs. Investor Outlook With its strategic expansion, financial strength, and growing market demand, Medico Remedies Ltd. is set to become a key player in the ointment production sector. Industry experts anticipate that the company's new venture will generate substantial investor interest, providing medium-term returns with strong upside potential. About Medico Remedies Ltd. Founded with a vision to enhance global healthcare, Medico Remedies Ltd. manufactures a diverse range of pharmaceutical products, including antibiotics, analgesics, cardiovascular drugs, and now ointments. The company exports to multiple countries and continues to expand its footprint in regulated markets with high-quality, cost-effective healthcare solutions. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
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