India's Metropolis Healthcare hits 1-1/2 month low on reported IT dept searches

Metropolis Healthcare

16/11/2022 07:27

** Shares of diagnostics co Metropolis Healthcare  METP.NS 
fall as much as 7.03% to 1,447.05 rupees, mark sharpest intraday
pct loss since June 13
    ** Stock hits lowest level since Sept. 26, on track for a
seventh consecutive session of loss
    ** Income Tax (IT) department is conducting searches at co's
premises in Delhi, Mumbai and Chennai, CNBC-TV18 tweeted, citing
sources 
    ** More than 1 mln shares change hands by 0716 GMT, 5.6x
30-day avg of 184,974 shares
    ** Six of the 14 analysts covering stock have a "buy" or
"strong buy" rating, 2 have "hold," while 6 rate it at "sell" or
"strong sell;" median PT is 1,547 rupees - Refinitiv data
    ** Stock down 54.76% YTD, as of last close
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))