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    Thyrocare Tech jumps 10%, crosses 100-DMA first time since Nov 2021

    Synopsis

    At 12.35 pm, the scrip was trading 8.16 per cent higher at Rs 711 over the last day’s closing of Rs 657.35 a piece. The stock has declined 43 per cent in the past one year while it has surged over 12 per cent in the last one month.For the quarter ended June 30, 2022

    Thyrocare Tech jumps 10%, crosses 100-DMA first time since Nov 2021iStock
    Shares of Thyrocare Technologies rallied up to 9.83 per cent in Thursday’s trade. The stock crossed its 100-DMA for the first time since November 15, 2021.

    At 12.35 pm, the scrip was trading 8.16 per cent higher at Rs 711 over the last day’s closing of Rs 657.35 a piece. The stock has declined 43 per cent in the past one year while it has surged over 12 per cent in the last one month.

    For the quarter ended June 30, 2022, the company reported consolidated net sales of Rs 127.8 crore, down 22.38 per cent from the year-ago quarter's net sales of Rs 164.65 crore. The company reported a net profit of Rs 21.73 crore for the latest quarter.

    According to Trendlyne data, the highest target for Thyrocare Technologies goes up to Rs 960, while the average estimate of Rs 785.3 shows an upside of the potential of around 19.3 per cent from the current prices.

    Out of the three analysts covering the stock, two of them have a strong buy rating while one has a hold rating.

    Thyrocare Technologies is an Indian global chain of diagnostic and preventive care laboratories with a strong presence in over 2000 cities/towns, both nationally and internationally.

    (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)




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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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