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Narayana Hrudayalaya scales record high after bulk deal Back
(15:32, 27 Sep 2016)

Meanwhile, the S&P BSE Sensex was down 70.58 points or 0.25% at 28,223.70.

Bulk deal boosted volume on the scrip. On BSE, so far 13.76 lakh shares were traded in the counter as against average daily volume of 8,033 shares in the past one quarter. The stock hit a high of Rs 373 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 325 so far during the day. The stock had hit a record low of Rs 272.20 on 29 March 2016. The stock had outperformed the market over the past 30 days till 26 September 2016, rising 5.49% compared with 1.84% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 3.43% as against Sensex's 6.67% rise.

The mid-cap company has equity capital of Rs 204.36 crore. Face value per share is Rs 10.

Narayana Hrudayalaya reported consolidated net profit of Rs 16.72 crore in Q1 June 2016 as compared with net loss of Rs 0.51 crore in Q1 June 2015. Net sales rose 17.76% to Rs 442.32 crore in Q1 June 2016 over Q1 June 2015.

Headquartered in Bengaluru, Narayana Hrudayalaya operates a chain of 23 hospitals, 8 heart centres and 24 primary care facilities across India. The hospitals provide advanced levels of care in over 30 specialties, including cardiology, cardiac surgery, cancer care, neurology, neurosurgery, orthopaedics, nephrology, urology and gastroenterology. The company is currently in the process of commissioning a dedicated paediatric hospital in Mumbai and a multispecialty hospital at Lucknow in Uttar Pradesh.

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