India's Krsnaa Diagnostics climbs after upbeat guidance

Krsnaa Diagnostics

21/08/2023 09:56

** Shares of Krsnaa Diagnostics  KRSN.NS  rise as much as
8.59% to 573 rupees
    ** Stock up 17% in two sessions after the diagnostics
services provider reiterates guidance for fiscal 2024 
    ** KRSN expects revenue growth of 30-35%; sees 3 bln rupees
revenue contribution from a recent Rajasthan contract in fiscal
2025
    ** Brokerage JM Financial reiterates "buy" and raises target
price to 960 rupees from 930 rupees
    ** JM says confident of KRSN's strong execution and sees
scope for stock re-rating
    ** Trading volume is 477,908 shares as of 2:16 p.m. IST,
nearly thrice the 30-day avg - Refinitiv data
    ** Stock up ~23% this year



 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))