Venus Remedies stock rises 6%, bags tender for antibiotic product from UNICEF

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Shares of Venus Remedies surged about 6 per cent on the NSE following the receipt of tender from UNICEF for its antibiotic drug Ceftriaxone 1 mg.

According to Venus Remedies’ stock exchange disclosure, this follows the receipt of GMP (Good Manufacturing Practices) approval from UNICEF.

The stock of Venus Remedies traded at ₹374.50 on the NSE, higher by 5.69 per cent as of 10.06 am.

The company had declared its financial results for the quarter ended March 2024 recording its consolidated net profit at ₹10.51 crore as against ₹11.06 crore in the corresponding quarter last year.