Narayana Hrudayalaya surges 9%, hits record high in a range-bound market

Despite Covid-related challenges, the company posted substantial improvement in operational performance in September quarter

Shares of Narayana Hrudayalaya rallied by 9 per cent in the intra-day session and hit a record high of Rs 392 on the BSE on Friday in an otherwise range-bound market.

The stock of the healthcare services provider surpassed its previous high of Rs 389 touched on January 29, 2020. At 12:45 pm, the stock was trading 4 per cent higher at Rs 372 as compared to a 0.10 per cent-decline in the S&P BSE Sensex.

In July-September quarter (Q2FY21), Narayana Hrudayalaya had reported healthy operational performance sequentially with consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) of Rs 37.2 crore