India's Aster DM soars to record high after reporting Q2 profit

Max Healthcare Institute

24/10/2024 05:12

** Shares of hospital chain Aster DM Healthcare Ltd
 ATRD.NS  jump as much as 13.9% to record 457.90 rupees
    ** ATRD reports profit in Q2, compared to year ago loss when
its erstwhile gulf business reported a loss
    ** ATRD's revenue rose 16%, helped by improvement in
occupancy
    ** Over 6.4 mln shares traded, 8.6x the 30-day avg volume
    ** Five analysts tracking ATRD rate it "buy" on avg, same as
larger rivals Apollo Hospitals  APLH.NS  and Max Healthcare
 MAXE.NS  - LSEG data
    ** ATRD's 43% YTD jump leads pack; MAXE rises ~32%, while
APLO up just 7%

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