India's Aster DM Healthcare rises after Morgan Stanley, Govt of Singapore buy stake

Max Healthcare Institute

24/06/2024 06:19

** Shares of Aster DM Healthcare Ltd  ATRD.NS  up 4.1%    
    ** Morgan Stanley and Government of Singapore pick up
combined ~1.9% stake in hospitals operator on Friday after
Olympus Capital's block sale - BSE data
    ** Around 2.4 mln shares traded vs 30-day avg of 1.9 mln
shares
    ** All six analysts tracking ATRD rate it "buy" or higher;
median PT is 402.50 rupees - LSEG data
    ** ATRD's 21.2% YTD rise better than bigger rivals Fortis
 FOHE.NS  and Apollo  APLH.NS , but trails likes of Max
Healthcare  MAXE.NS  and Global Health  GLOH.NS 


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))