India's Narayana Hrudayalaya falls on Q2 profit drop

Max Healthcare Institute

04/11/2024 07:10

** Narayana Hrudayalaya  NARY.NS  falls 2.2% to 1,221.40
rupees
    ** Healthcare services provider's Q2 consol net profit drops
12% to 1.99 bln rupees ($23.7 mln), hurt by higher expenses
    ** However, rev from ops rises 7.3%
    ** Stock rated "hold" on avg vs "buy" rating for peers
Torrent Pharmaceuticals  TORP.NS  and Max Healthcare Institute
 MAXE.NS  - LSEG
    ** Stock up ~2% YTD, while TORP and MAXE are up ~38% and
~49%, respectively

($1 = 84.1050 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))