Yatharth Hospital stock hit a new high of ₹1,183.15 surging 11% in Friday's intra-day deals a day after US PE firm Advent International inked an agreement to invest ₹3,150 crore for a 24.9% stake.
Yatharth Hospital's board is scheduled to meet on Thursday, September 17, to discuss and consider the company's growth plans and fundraising to achieve them.
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Hospital shares were in demand on Monday amid reports that the health ministry revised rates for nearly 2,000 medical procedures under the Central Government Health Services (CGHS) scheme.
Shares of Yatharth Hospital & Trauma Care Services hit a new high of Rs 788, and were quoting higher for the fourth straight day, surging 13% during the period.
Yatharth Hospitals said the company is set to be included as a constituent of the MSCI India Small Cap Index, effective from the upcoming index rebalancing date of August 26, 2025.
Shares of Hospital firms gained amid rising demand for specialized treatments, including oncology and high-end surgical procedures; this trend contributes to higher ARPOB and overall revenue growth.
In two days, the stock price of hospital company declined 9% after Citigroup Global Markets Mauritius Private Limited has sold 534,685 equity shares of the company for Rs 24.5 crore on the NSE.
In February 2024, Yatharth Hospitals acquired a 100 per cent stake in the Faridabad-based 175-bed Asian Fidelis Hospital for an enterprise value of Rs 116 crore
The company reported 9 per cent on-year increase in its average revenue per occupied bed (Arpob) at Rs 30,551 in Q1FY25, with bed occupancy rising to 61 per cent in Q1 from 51 per cent last year
