Bliss GVS hits a new high

Bliss GVS Pharma has been in the limelight since the past couple of days. The stock had hit a new high at Rs.157.80 and today too, the stock hit a new high at Rs.187.90. Volumes are huge – from a 2W average of 2 lakh shares to almost 9 lakh shares today alone.

The stock has been hitting new highs ever since the company announced that it has bagged an order of around Rs.220 crore and this is for providing medical healthcare services in Kenya.

The company, in the Press Release announced that its Kenyan subsidiary, Bliss GVS Healthcare, has got this order from Teachers Services Commission, in association with Aon Insurance Brokers, an annual service contract worth $350 million to provide medical healthcare cover.

The contract is effective from 1st July 2015 and the first quarterly payment has been received by the company.