Shares of Shalby, India’s leading multi-specialty hospital, have rewarded their shareholders handsomely over the past six months. During this period, the stock moved from ₹139 per to the current position of ₹311.15, translating into a gain of 124%.
During today’s trading session, the stock jumped 1.7% to reach a new record high ₹323.60 per, surpassing its previous high of ₹320. Over the past 10 months, the stock has closed positive for seven months, with June leading as the highest monthly performer with a gain of 24%, followed by August and October with gains of 23.37% and 20.20%, respectively.
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Looking at the long-term performance, the stock has exhibited a substantial growth of over 218% in the last three-year period, in contrast to the movement in the Nifty Small-cap 100 index, which has risen 108% over the same period.
Shalby is one of the leading multidisciplinary chains of hospitals and tertiary care centers in India, offering treatment in more than 35 medical disciplines and holding a total capacity of more than 2,062 beds with more than 500 active doctors and more than 3,000 employees, its website shows. .
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In June, the company signed an agreement with Divine Super Specialty Hospital Pvt. Ltd., a leading hospital in Ranchi, to establish a Franchise-Owned Shalby-managed (FOSM) hospital in the region.
On the fundamental front, the company delivered an impressive performance in Q2 FY24, with its net profit increasing 55% YoY to ₹28 crores. The income from operations during the quarter came in at ₹238 crore, an increase of 18% YoY.
The operating profit came in at ₹53 crore, an increase of 43.25% YoY, while the operating profit margin expanded 400 basis points to 22%.
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The promoter owns 74.1% of the shares in the company in Q2FY24, while foreign portfolio investors own 4.1%. Regular shareholders own 20.9%, Trendlyne data showed.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
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Updated: 22 Nov 2023, 17:07 IST
(tagsTo Translate)Shalby
