Thyrocare's market capitalisation is around Rs 6,916 crore. The deal thus could be for a shareholding in the firm
Marksans Pharma and Novartis India from the S&P BSE Healthcare index zoomed 20 per cent each
Margin pressures and valuations would limit major upsides
Most brokerages have revised upwards their earnings estimates, not only for FY21, but also for FY22
From March lows, the stock price of Thyrocare Technologies has been more-than-tripled and of Dr Lal PathLabs more-than-doubled on the BSE
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
Sharp rise in non-Covid business and strong revenue growth indicated by Thyrocare, Metropolis prop up sentiment
A new all time high shows bullish sentiment is here to stay in these stocks.
Thyrocare Technologies, Metropolis Healthcare and Dr. Lal PathLabs, hitting their respective record highs, were up 9 per cent to 17 per cent on the BSE in intra-day trade.
The stock of healthcare services provider has now surpassed its previous high of Rs 845.25 touched on August 17, 2020
The Board has also authorised Dr. A Velumani to identify a competent candidate for the position of Managing Director, CFO, and CIO.
That apart, national laboratories have also been allowed to carry out clinical testing of Covid-19, as the number of cases went past 400 in India.
The company's normalized Ebitda grew 19 per cent year on year (YoY) at Rs 42.5 crore, while margins improved to 40 per cent compared with 37 per cent clocked in the previous year quarter
Thus far in the calendar year 2018, Thyrocare had underperformed the market by falling 14% as compared to 8.6% rise in the S&P BSE Sensex till Friday.
Stock one of the top picks among analysts in health care space
Firm will expand lab centres to 25, from seven currently, and increase franchisees from 1,200 to 5,000
Health care firm's listing outshines that of Alkem and Narayana Hrudayalaya
The stock listed at Rs 665, a 49% premium compared with its issue price of Rs 446 per equity share, on the NSE.
Thyrocare has allocated 32,23,411 shares to 15 anchor investors at Rs 446 per share
Here's a quick compilation of what country's top research and brokerage houses suggest