India's Aster DM Healthcare hits record high

Aster DM Quality Care

08/04/2024 09:48

** Shares of Aster DM Healthcare  ATRD.NS  up 5.9%, trimming
some gains after rising as much as 9.5% to a record high of 500
rupees 
    ** Reuters could not immediately ascertain a reason for
stock move 
    ** The healthcare services provider said it will consider
declaration of special dividend on April 12
    ** Stock gained 11.6% last week, highest weekly gains since
December, after co announced expansion plans worth 10 bln rupees
($120.1 mln)
    ** Around 3.1 mln shares traded, 2.8x the 30-day avg 
    ** Analysts' avg rating on co is "Buy", their median PT is
480 rupees - a 5% premium on last close - LSEG
    ** Including session's gains, stock up ~18% YTD, peer Apollo
Hospitals  APLH.NS  gained 10.6% 
     
     
     
    ($1 = 83.2850 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((mailto:Manvi.Pant@thomsonreuters.com; +918447554364;))