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What should investors do with this diagnostic play as COVID cases drop?

Krsnaa Diagnostics presents superior contract execution and scalability in radiology diagnostics

October 13, 2021 / 11:05 AM IST
What should investors do with this diagnostic play as COVID cases drop?

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

When Krsnaa Diagnostics (Stock price: Rs 748; Market cap: Rs 2,347 crore) came out with an IPO in August this year, the second wave of the pandemic was haunting the country and infected people were thronging diagnostic labs to get a Covid test done. This helped the Krsnaa Diagnostics IPO to post a listing gain of 7.4 per cent. Since then Covid cases have shown a decline and the Krsnaa stock has underperformed broader markets. It is now trading 22...

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