Explained: Why pathlabs are losing stock value from few weeks

Pathlab sector stocks have been underperforming for the last few weeks after excessively gaining returns since the beginning of the year. Dr Lal Pathlabs gained 52% from the beginning of the year and since November the stock has lost 3.6% value. Same goes with Metropolis Healthcare and Thyrocare Pathlabs. Keshav Lahoti from Angel Broking accertains, this downward trend is a result of government reducing COVID-19 RT PCR tests recently, while the contrary happened in the beginning of the year when pathlabs earned additional revenue from these testings.

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