covid-19 testing Government Coronavirus

Why is share price of Dr Lal Pathlabs, Metropolis Healthcare, Thyrocare falling?

Reading now: 542
www.livemint.com

₹1,533 to around ₹2,320. But in the last one month, the stock has lost around 3.6% of its value. Pathlab sector stocks such as Dr Lal Pathlabs, Metropolis Healthcare and Thyrocare have given stellar returns this year.

But for the last few days, these stocks seem to be like in correction mode. For an instance, sin the beginning of the year to the first week of November, the share of Dr Lal Path Labs has gained 52% from ₹1,533 to around ₹2,320.

But in the last one month, the stock has lost around 3.6% of its value.Similarly, Metropolis Healthcare which gained 60% between January 1 and the last week of November, has lost around 13% in the last few days.What has changed the uptrend in these stocks suddenly?"The main reason for such good returns.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Gotabaya Rajapaksa - The economy is recovering, says President during meeting with professionals - newsfirst.lk
newsfirst.lk
59%
978
The economy is recovering, says President during meeting with professionals
COLOMBO (News 1st); President Gotabaya Rajapaksa said that the nature or extent of the challenges will not matter in fulfilling the promises made to the people.He noted that development activities continue in the country while taking necessary steps to control the COVID-19 pandemic.The President also pointed out that the economy, which had been collapsed for nearly two years, is gradually recovering.The President made these remarks participating in the first round of discussions in a series of sessions with professionals representing various fields, held at the President’s House on Friday (11).The professionals who participated in the discussion said that they are further committed to make the national programme a success by giving the necessary strength to achieve the goals desired by the President, said a statement.The professionals vehemently rejected the allegations spread by some sections with the objective of achieving narrow political agendas, the statement added.Experts in the field said that the new approach to agriculture initiated by the President is being continuously supported by the researchers and entrepreneurs who are engaged full time in these fields, further noted the statement.Representatives from a wide range of fields, including education, policy, sociology, agriculture, research, water and renewable energy, medical, engineering and innovation, were present at the discussion with the President.Ministers, State Ministers, Members of Parliament, the Governor of the Central Bank, the Secretary to the President, the Principal Advisor to the President and many others were also present.
DMCA