Thyrocare rallies 10%, hits record high on expectation of strong Q2 results

Earlier this month, the company reported nearly 37 per cent year-on-year and over 100 per cent sequential growth in aggregate revenue for Q2FY21

Shares of Thyrocare Technologies rallied 10 per cent to hit a record high of Rs 1,163 on the BSE in intra-day trade on Monday on expectation of strong July-September quarter (Q2FY21) earnings. The stock of the diagnostic company surpassed its previous high of Rs 1,150 touched on October 12, 2020.

At 11:37 am, Thyrocare Technologies was trading 6 per cent higher at Rs 1,121, as compared to 0.60 per cent decline in the S&P BSE Sensex. Trading volumes on the counter doubled with a combined 920,000 equity shares changing hands on the NSE and BSE till the time of writing of