Today shares of Narayana Hrudayalaya Ltd surged and hit a new 52-week high. Market sentiment for the stock is high from the past few trading sessions after the company declared financial results for the fourth quarter and the fiscal year ending March 31, 2023, on May 19, 2023. Since then, it has surged by 17.42%.
Today the stock opened at Rs 897 and it closed around Rs 907.25, up by 1.61%. So far 28,262 shares were traded over the counter at BSE. The company has a market cap of around Rs 18,500 crore. Today it has hit a new 52-week high of Rs 927.20 and a it has 52-week low of Rs 589.90. On May 19 2023, it closed at Rs 772.65, and at the close of today’s session, it gained 17.42%.
In comparison to the same quarter previous year, the company’s net profit for the fourth quarter that ended on March 31, 2023, increased by 151.25% to Rs 173.24 crore from Rs 68.95 crore. The company’s total net sales increased by 30.67% from Rs 950.49 crore to Rs 1236.27 crore in Q4FY23 compared to the same quarter the previous year.
The company’s net profit for the fourth quarter increased from the third quarter by 12.60% to Rs 173.24 crore from Rs 153.86 crore. The company’s overall sales climbed from Rs 1139.72 crore to Rs 1236.27 crore within the same period, rising by 8.47%.
The company reported an increase in net profit of 77.30% for the fiscal year that ended on March 31, 2023, from Rs 342.12 crore to Rs 606.57 crore. In the fiscal year that ended March 31, 2022, its net revenue rose by 22.87%, from Rs. 3735.88 crore to Rs. 4590.21 crore.
Narayana Hrudayalaya Ltd is engaged in providing economical healthcare services. It has a network of multispecialty and super-speciality hospitals spread across multiple locations.