India's Rainbow Children's Medicare jumps after Centrum upgrades to 'buy'

Rainbow Childrens Medicare

27/05/2025 09:44

** Shares of Rainbow Children's Medicare RAIB.NS climb as much 3.8% to 1,408.9 rupees; set for best day since early April

** Analysts at Centrum upgrades stock to "buy" from "add", keeps price target at 1,610 rupees

** Centrum analysts say they remain positive on stock due to improvement in beds' profiles, with three facilities set to be commissioned within FY26

** Analysts at Emkay say RAIB's estimated drag in earnings from expansion plans will likely be offset by commencement of operations by new units; keeps "buy", TP at 1,600 rupees

** Over 350,000 shares traded, 2.1x the 30-day avg

** Stock rated "strong buy" on avg, median PT at 1,620 rupees - data compiled by LSEG

** Stock down 3.6% YTD

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))