Krsnaa Diagnostics witnessed its share prices rise more than 4% on January 30 after the Government of Maharashtra shortlisted the medical laboratory company to provide MRI and CT Scan services in district hospitals.

Krsnaa Diagnostics’ shares hit an intraday high of Rs 730, 4.07% higher than its last closing price on the National Stock Exchange (NSE). At 12:05 pm, the stock was trading 1.35% higher at Rs 710.95.

In an exchange filing dated January 29, Krsnaa Diagnostics announced that it had been shortlisted by the Commissioner of Healthcare Service, Maharashtra, for providing Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) scan services in 17 districts in Maharashtra in hospitals under the Authority. 

Krsnaa Diagnostics is in the process of entering into an agreement with the Authority. The time by which the contract would be executed would be as per the Government norms. The company further said that since this is a new contract, the size of the contract cannot be estimated.

Through its extensive network across non-metro and lower-tier cities and towns, Krsnaa Diagnostics offers a range of technology-enabled diagnostic facilities to hospitals, medical colleges, and community health centres across India.