Krsnaa Diagnostics up 2% after Maharashtra shortlists firm for MRI, CT Scan services

The share price rose 67 percent in last one-year.

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The share price of Krsnaa Diagnostics gained nearly 2 percent in early trade on January 30 after the Maharashtra government shortlisted the company to provide MRI and CT Scan services in district hospitals.

At 9:21am, Krsnaa Diagnostics was quoting Rs 713.45, up Rs 13.00, or 1.86 percent, on the BSE.

“The company has been shortlisted by the Commissionerate of Health Services, Maharashtra, for providing MRI and CT Scan Services at the district hospitals under the authority,” the company said in its release.

The company will provide Magnetic Resonance Imaging (MRI) Scan and Computed Tomography (CT) Scan services at 17 districts in Maharashtra. The company is in the process of entering into an agreement with the authority.

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Krsnaa Diagnostics reported a 31.55 percent year-on-year fall in consolidated net profit at Rs 10.4 crore for the July-September quarter, and revenue came in at Rs 155.4 crore, up 26.4 percent.

The share touched a 52-week high of Rs 788.60 and a 52-week low of Rs 354.00 on January 29, 2024 and February 28, 2023. The stock is trading 9.53 percent below its 52-week high and 101.54 percent above its 52-week low.

The share price rose 67 percent in the last one year.