India's Metropolis Healthcare up on Delhi govt clinic clarification

Metropolis Healthcare

15/01/2024 05:40

** Shares of medical diagnostics firm Metropolis Healthcare
Ltd  METP.NS  up 3.2% at 1,552 rupees
    ** METP provides clarification regarding media reports of
fake data entry and lab tests in Delhi govt-run clinics 
    ** Co says contract to collect and analyse samples from
these clinics formed only 0.5% of its overall consol revenue;
looking to recover dues worth 22.6 million rupees and exit
contract
    ** Stock up after falling for eight consecutive sessions in
which it lost 12.6%
    ** Around 657,000 shares change hands, 1.2x the 30-day avg
    ** Twelve analysts covering METP rate it "hold" on avg;
median PT is 1,485 rupees - LSEG data
    ** Stock fell over 6% in 2023, the most among other listed
medical diagnostic firms

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))