InvestorQ : Why are the shares of Metropolis Healthcare up so sharply in the stock markets on 25 March?
Mary Joseph made post

Why are the shares of Metropolis Healthcare up so sharply in the stock markets on 25 March?

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sara Kunju answered.
1 year ago
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Metropolis Healthcare stock had jumped 17% in early trades after a leading brokerage house had upgraded the stock from 'sell' to 'add'. The stock currently trades at 27 times forward EPS of 2022. Metropolis Healthcare is expected to grow at 11-12% revenue over the next 10 years. The highly profitable B2C business now accounts for 44% of revenues in and B2C revenues are expected to grow at 19%. The immediate risk for the company is the lockdown which could impact the company with nearly 60% of its cost structure as fixed costs. However, with the government permitting testing for COVID 19 in private labs, that opens a huge window opportunity for Metropolis.

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