Poly Medicure shares gain 20 percent

Bangalore: Poly Medicure ended the trading among one of the top gainers with a gain of 35.50 (19.98 percent). After opening its account at 187, the company managed to gain the momentum in the afternoon trade and touched 213.20. Overall 52,080 shares were traded throughout the day with current P/E ratio at 9.36. The stock has 52-week high value of 227.00 and low of 47.15. The stock chart for 52-weeks is given on left.

Poly Medicure is an India-based company. The company is engaged in the manufacture of medical devices. It operates in a single segment. It manufactures IV based infusion therapy devices, central venous access catheters, anesthesia and blood management devices and surgical products under the brand name POLYMED. Its subsidiaries include Poly Medicure (Laiyang) and U.S. Safety Syringes.

Other manufacture and medical devices companies ended the day on positive note. Ply Medicure, which currently has a capacity to manufacture 260 million pieces of medical devices per annum, is planning to expand the current facility and will set up a new plant exclusively for exports to European Union markets. With the expansion, the capacity will reach production of 400 million pieces of medical devices per annum.