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Medplus falls 2% as board delays diagnostics division expansion plan

The Business Guardian

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February 22, 2024

Shares hares of Medplus Health Services dipped 4 per cent in intra-day deals after the company's board decided against its approved fundraising plan.

Medplus falls 2% as board delays diagnostics division expansion plan

From an intra-day high of Rs 722, Medplus slipped into red and touched a low of Rs 693. At 01:55 PM. the stock quoted at Rs 696, down 2.2 per cent on volumes of around 13,000 shares on the BSE.

According to a release issued by the company to the exchange, the Board of Director in their meeting today decided to defer the expansion plans for Diagnostics Division beyond Hyderabad, until the profitability of the pilot project was established.

MEER VERHALEN VAN The Business Guardian

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