Shares of Krsnaa Diagnostics Ltd rose 4% in early trade on Tuesday after the company opened more than 100 pathology collection centres in Mumbai on Monday.

In January, the company secured an order to provide laboratory investigation facility services under ‘Hinduhridaysamrat Balasaheb Thackeray Chikitsa’ for Brihanmumbai Municipal Corporation (BMC) dispensaries and hospitals in Mumbai.

So far, it has operated 300 pathology collection centres, the company said in an exchange filing.

The stock had an intraday high of Rs 415.55 and an intraday low of Rs 395.40.

The stock has fallen 39.20% from its 52-week high of Rs 655. The stock has an average weekly delivery volume of 29.67%.

Shares have fallen 27.3% over the past year, underperforming its peers by 26.6%.