Global Health, which operates hospitals under the Medanta brand, on Thursday said its profit after tax increased 5 per cent to Rs 131 crore in the September 2024 quarter. The healthcare provider reported a Profit After Tax (PAT) of Rs 125 crore in the July-September quarter a year ago. Revenue from operations rose to Rs … Read more
HSBC initiated coverage on Krishna Institute of Medical Sciences (KIMS) with a ‘buy’ rating while assigning ‘reduce’ rating to Global Health (Medanta) and Narayana Hrudayalaya. The brokerage has a ‘buy’ rating on Apollo Hospitals and Aster Healthcare. “We retain our positive view on the growth outlook for the hospital sector on intact structural drivers: An … Read more
Hospital stocks fell up to 11% on Friday, witnessing their second successive decline following the Supreme Court’s diktat on cost rationalisation. The biggest loser on an intraday basis was Max Healthcare Institute which hit the day’s low of Rs 706.45 on the NSE. It was followed by Yatharth Hospital & Trauma Care Services which plunged … Read more
After a slow start for the first two days, the initial public offer (IPO) of GPT Healthcare was fully subscribed on the last day of the bidding process. The overall subscription stood at 2 times with all the categories (retail, NII and QIB) getting fully booked. GPT Healthcare IPO GMP In the unlisted market, the … Read more
Equity markets closed higher for the fifth consecutive day on Monday. The 30-share BSE Sensex rose 281 points to settle at 72,708 and the broader Nifty closed at its all-time high of 22,122 points. Stocks that were in focus included names like Novartis India, which rose 15.44%, Global Health, which fell 2.9%, and YES Bank, … Read more
In a significant development at the recent G20 summit, a chapter on Antimicrobial Resistance (AMR) authored by a professor from the University of Hyderabad (UoH) has been incorporated into the healthcare resolution. The chapter, a part of the book titled ‘Accelerating Global Health: Pathways to Health Equity for G20’, was penned by Dr. Ranga Reddy … Read more
New Delhi: Healthcare advancements across the world are being spearheaded by digital transformations as artificial intelligence (AI), machine learning (ML), and digital data are revolutionising the industry at a rapid scale. Effective IT deployment is at the forefront of this new-age healthcare revolution, informed health industry experts at the tenth International Conference on ‘Transforming Healthcare … Read more
Nifty futures on the Singapore Exchange traded 40.5 points, or 0.22 per cent lower at 18,439.5, signaling that Dalal Street was headed for a negative start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade: Wipro: The IT services major has reached an agreement with employee representatives on setting … Read more
Dec. 8, 2021 — One in 10 adults worldwide currently have diabetes, and these numbers are only expected to increase over the coming decades, according to the new International Diabetes Federation’s Diabetes Atlas. Increases have been greatest with adult-onset type 1 diabetes and in youths with type 2 diabetes. The IDF Diabetes Atlas 10th edition … Read more