Blue Jet Healthcare jumps over 4% today; details inside

On Thursday, Blue Jet Healthcare shares jumped 4.90% to trade at Rs 392, from its previous closing of Rs 373.70 on the BSE.

Synchronization of 5.615 MW plant capacity 

Blue Jet Healthcare has received approval from Maharashtra State Electricity Distribution Co. for Permission to Commission (PTC) for synchronization of 5.615 MW plant capacity in the 15 MW solar park at Village Bhanos Tal. Patur Dist. Akola.

This solar plant is a part of the ‘go green initiative’ of the company and can generate up to 11 million KWh of power annually. With the on-streaming of this solar plant and the existing windmills of the company, approximately 75% of the energy requirements of the company shall be met from green sources which will lead to a carbon footprint reduction of approximately 10,000 mts on an annualised basis.

Company profile 

The Mumbai-based Blue Jet Healthcare is a speciality pharmaceutical and healthcare ingredient and intermediate company, offering niche products targeted towards innovator pharmaceutical companies and multinational generic pharmaceutical companies.

Stock price movement 

The stock opened at Rs 375.95 and has touched a high and low of Rs 407.60 and Rs 371.30, respectively. The BSE group ‘B’ stock of face value of Rs 2 has a 52-week high and low of Rs 392 and Rs 374.25, respectively. Last one week high and low of the scrip stood at Rs 392 and Rs 364.55, respectively. The current market cap of the company is Rs 6,724.39 crore.

The promoters holding in the company stood at 86%, while Institutions and Non-Institutions held 6.75% and 7.24%, respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.