The brokerage expects the healthcare company to benefit from its aggressive B2C expansion, where it has expanded its network touch points by ~6.6X over the past 3.5 years
Though details of Covid19-testing reimbursement are crucial to ascertain the earnings impact, other growth levers remain intact
That apart, national laboratories have also been allowed to carry out clinical testing of Covid-19, as the number of cases went past 400 in India.
They would start collecting samples for testing from today. For starters, this would happen in Mumbai
The latest members of the BS1000 club have bet on capital expenditure, acquisitions and partnerships for growth
The stock has zoomed 125 per cent against its issue price of Rs 880 per share
Since, 2002, Metropolis has used its brand strength to establish large networks through acquisitions in Chennai, Rajkot, Surat, Bangalore, Pune as well as outside India
The profit after tax works out to Rs 43 crore in Q2 FY20, up 43.7% from Rs 30 crore in Q2 FY19
Move follows expiry of restrictive clauses inserted at the time he sold his stake in Metropolis Healthcare to Carlyle Group
On a price-to-earnings (P/E) valuation basis, analysts said Metropolis is cheaper than Dr Lal Pathlabs
Sushil Shah, chairman of Metropolis Healthcare, said if a good acquisition opportunity came up, they were open to evaluate it
Shares of the company are proposed to be listed on BSE and NSE
Rivals Dr Lal's and Thyrocare command valuations over 50 times earnings
The firm, which had exited South Africa in August, now is quite bullish about Africa as a market