India's Aster DM Healthcare hits record high on special dividend

Aster DM Quality Care

15/04/2024 05:07

** Shares of Aster DM Healthcare  ATRD.NS  up as much as 14.3%
to a record high of 558 rupees
    ** The healthcare services provider on Friday declared a
special dividend of 118 rupees per share
    ** This comes after receiving proceeds from the sale of the
GCC business and redemption of redeemable preference shares
issued by its unit Affinity Holdings
    ** Stock on track for a third consecutive session of gains,
if trend holds
    ** Average rating of five analysts covering the stock is
"strong buy"; median PT is 480 rupees - LSEG data
    ** Including session's gain, stock is up 30.8% this year,
outpacing the 5.1% rise in the Nifty 500 index  .NIFTY500  

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))