Diagnostic labs test positive!

Diagnostic labs, listed on the bourses are doing extremely well today. Thyrocare Technologies and Lal Path Labs are among the top gainers since the opening bell. Lal Path jumped up over 17% to an intraday high at Rs.1650 and Thyrocare rose 13.5% to Rs.574. Metrolpolis Healthcare is also up among the gainers – up 6.5% to Rs.1650.

These diagnostic labs are up after the Govt gave the go-ahead and roped in private centers to also test for Covid and they will start from today and in Mumbai first. Both Thyrocare and Metropolis said that they have for the final clearance from the Govt to go ahead with the testing.

Thyrocare said that the cost of testing is Rs 2,500, besides a collection charge of Rs 1,000 and around Rs 1,000 for the cost of protective equipment (total Rs 4,500). If samples come directly to its labs, Thyrocare will charge only Rs 2,500.