Sensex lost more than 800 points in today’s trading session, and almost all the sectors of Indian markets are looking red, but one small-cap stock is surging to the upside despite the current market sentiments.
Hester Biosciences is the second largest poultry vaccine manufacturer and is one of the leading animal healthcare companies.The company was incorporated in 1987, and it now has a presence in over 30 countries, with key markets in Nepal, India & Tanzania.
The stock’s price has been soaring for the past months, and the stock is in a clear downtrend; however, the latest announcement released by the company has brought it to the investors and participants of the equity markets.
The company announced that it has been able to meet the demands for the vaccines for goat pox in the country.As per the recent report, 97,435 cattle have died so far because of the viral infection, and Hester Biosciences Ltd has given vaccines to cattle to make them immune from this lumpy cattle skin disease.
Hester Biosciences Ltd said in the document attached in the latest announcement to the Bombay stock exchange, “In the current situation, Hester would like to inform that:
1.Hester recognized the early signs of a potential outbreak and initiated the manufacture of vaccine quantities in anticipation of a surge in demand.As a result, Hester has been able to meet the complete demand raised on it for the supply of the Goat Pox vaccine in the country.
1.There has been no short vaccine supply in any state in India.
1.All supplies have been regularly made without any delays.”