Thursday 3 March 2016

Dr. Lal PathLabs hits 52-week high

The company is planning to open a large laboratory in Calcutta, as per TV report.


Dr. Lal PathLabs jumped 4.8% to Rs.895.25 on BSE. The stock is currently trading on a 52-week high. The company is planning to open a large laboratory in Calcutta, as per TV report. Further, the company sees business opportunities in the under- served, fragmented market. 

The scrip opened at Rs. 854 and has touched a high and low of Rs. 946.75 and Rs. 854 respectively. So far 450252(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7045.47 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 908.1 on 28-Dec-2015 and a 52 week low of Rs. 696.5 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs. 864.75 and Rs. 812.5 respectively.

The promoters holding in the company stood at 58.7 % while Institutions and Non-Institutions held 10.14 % and 29.22 % respectively.

The stock is currently trading below its 200 DMA.

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