JM Financial views robust execution for India's Krsnaa Diagnostics

Krsnaa Diagnostics

04/09/2023 10:59

** Shares of India's Krsnaa Diagnostics  KRSN.NS  up as much
as 5.4% at 680 rupees, posting highest level since Feb 4, 2022 
    ** Co seen rising for third consecutive session 
    ** Confident of co's execution capabilities, believe
sufficient scope for earnings upgrade, - brokerage JM Financial
note
    ** KRSN'S guidance is overall better than we expected, says
JM Financial; rates co "buy" with PT of 1,050 rupees
    ** Co shared its annual report with its shareholders on
Sept. 2
    ** However, brokerage flags change in mix towards pathology,
large-scale tender implementation could mean "subdued near term
margin"
    ** More than 230,000 shares changed hands by 3:23 p.m. IST, 
1.2x 30-day avg 
    ** YTD stock has soared 47% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))