Krsnaa Diagnostics buzzing

Krsnaa Diagnostics is buzzing loud today. The stock opened almost 2% higher at Rs.600.50 and went on to hit an intraday high at Rs.610.50, up 3.5%. The stock had hit a new low yesterday at Rs.579.15.

The stock rose, reacting to the receipt of an order from the Health and Family Welfare Department, Government of Himachal Pradesh.

As per the Tender awarded, the company will install, operate and maintain Routine and Advance Laboratory testing facilities at selected Public Health Institutions (PHls) which includes Government Medical Colleges, Districts/ General Hospitals owned by Government and Community Health Centers.

The work needs to commence within a period of 3 months from the date of signing of contract by both the parties.

Tenure of Contract is up to five years from date of signing the Contract. The consideration/ size of the contract is cannot be revealed upfront.