India's Rainbow Medicare falls after Q4 profit drop

Rainbow Childrens Medicare

21/05/2024 06:57

** Shares of Rainbow Children's Medicare  RAIB.NS  down 4.6%
at 1,330 rupees
    ** Co on Sunday reported 5.2% fall in Q4 profit due to drop
in occupancy rates
    ** RAIB said year-ago qtr saw high incidence of adenovirus,
other viral infections driving higher outpatient visits,
in-patient admissions
    ** Stock up 11.5% YTD vs ~9% gains in BSE 500  .BSE500 

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))