InvestorQ : Why has Thyrocare gone up so sharply on Tuesday?
Aditi Sharma made post

Why has Thyrocare gone up so sharply on Tuesday?

Mahima Roy answered.
2 years ago

Thyrocare Technologies stock was up over 15% on Tuesday to a level of Rs.883 representing an all time high price on the bourses. The company reported 37% growth in revenues for the Sep-20 quarter as pharma and diagnostics have shown the best recovery traction.

Thyrocare has completed more than 4 lakh Covid-19 RT-PCR tests and more than 3.20 lakh COVID-19 antibody tests since the onset of the pandemic. It is conducting the RT-PCR tests from its laboratory in Gurgaon and Delhi and will expand to Bengaluru and Kolkata too.

However, Thyrocare has also sounded a note of caution that any resumption of full-fledged operations for tests other than COVID-19 would largely depend on the pandemic situation and any subsequent directives from the Government of India