Small-cap pharma stock Blue Jet Healthcare falls 7%!

A small-cap pharma stock is witnessing intense selling pressure after the release of its Q1 results. Blue Jet Healthcare share price crashed over 7 per cent in intraday trade on the BSE on Wednesday, July 23, falling almost 17 per cent in three days. The small-cap stock opened at ₹840 against its previous close of ₹906.15 and crashed 7.3 per cent to an intraday low of ₹840. Around 10:15 AM, Blue Jet Healthcare share price traded 3.82 per cent lower at ₹871.50. Blue Jet Healthcare is a specialty pharmaceutical and healthcare ingredient and intermediate company. It operates under a contract development and manufacturing organization (CDMO) business model.