/ Hester Biosciences To Invest $3 Million In Its Subsidiary ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 7 June 2017

Hester Biosciences on Wednesday informed the bourses that the board of directors have approved to make an investment in its wholly owned subsidiary Hester Biosciences Africa. The investments will be made to the extent of $3 million. The main business of the wholly owned subsidiary will be of manufacturing and trading of veterinary vaccines and health products, as per BSE filing.

The stock has delivered over 45% returns in a year’s time. It has outperformed BSE Healthcare and underperformed BSE small-cap over the same period. Meanwhile, Hester Biosciences was up by 2.9% at Rs 911 per share at 15:09 hours IST on BSE. It hit a high of Rs 911 and a low of Rs 888 so far during the day.

Hester Biosciences Limited is engaged in manufacturing of poultry vaccines and large animal vaccines, and trading of poultry health products and large animal health products.

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