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Molbio Diagnostics Shares Fall After Strong Post-Listing Rally

Molbio Diagnostics Shares Fall After Strong Post-Listing Rally
Recently listed Molbio Diagnostics share price falls 9%: Healthcare stock loses 18.5% in 2 days after blockbuster rally · livemint.com

Molbio Diagnostics is a healthcare company whose shares recently rose very quickly.

After that big rise, many investors sold shares to lock in profits.

This caused the stock to fall for two days in a row.

It dropped as much as 8.8% on September 16 and was down 18.5% across the two sessions.

Even after falling, the shares were still more than 50% above their IPO price.

The company also reported a much better financial quarter than the same period last year.

Its profit was ₹58.74 crore, and its revenue increased sharply.

Company managers expect sales to grow by 25% in FY27, but they say results may differ from quarter to quarter.

Key facts

Intraday decline
As much as 8.8%, to ₹1,229.65 per share on the BSE
Two-session decline
18.5%
IPO issue price
₹807 per share
Listing price
₹980 per share, a 21.44% premium to the issue price
FY27 first-quarter net profit
₹58.74 crore, versus a ₹23.74 crore loss a year earlier
FY27 first-quarter revenue
₹408 crore, up 309% year over year
Management guidance
25% topline growth and a 24-25% EBITDA margin for FY27

Sources

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