Narayana Hrudayalaya Shares Rise On Kolkata Hospital Investment Plan
Narayana Hrudayalaya plans to invest Rs 900 crore for the first phase, aiming for a 1,100-bed facility over the next three to 10 years.
Narayana Hrudayalaya Ltd. saw its share price rise on Friday, after it announced investment plans for a hospital in Kolkata.
The company plans to invest Rs 900 crore for the first phase, aiming for a 1,100-bed facility over the next three to 10 years, according to an exchange filing.
The announcement has positively impacted the company’s stock, which has been on an upward trend for four consecutive days.
Narayana Hrudayalaya Ltd., founded by Dr. Devi Shetty, is one of India’s leading healthcare providers, known for its affordable and high-quality medical services. The company operates a network of hospitals across India, offering a wide range of healthcare services, including cardiology, oncology, neurology, and orthopedics.
Narayana Hrudayalaya Share Price Today
Shares of Narayana Hrudayalaya rose as much as 1.81% to Rs 1,430 apiece. They pared gains to trade 0.27% higher at Rs 1,408.35 apiece as of 09:28 a.m. This compares to a 0.22% decline in the NSE Nifty 50.
The stock has risen 4.14% in the last 12 months. Total traded volume so far in the day stood at 0.40 times its 30-day average. The relative strength index was at 61.
Out of 13 analysts tracking the company, 10 maintain a 'buy' rating, one recommends a 'hold' and two suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 4.9%.
