Rainbow Children's Hospital Group is accelerating its pan-India expansion with nearly 900 new beds planned over three years, half of which will come up in the NCR
Rainbow Children's Medicare, India's only listed pediatric and maternity care chain, operates 22 hospitals and 5 clinics with around 2,235 beds across nine cities.
Rainbow is India's largest multi-speciality paediatric and perinatal healthcare chain, built on clinical excellence, early specialisation, and disciplined expansion, believes Axis Securities
Time to buy these 5 smallcap stocks? JK Tyre, Timken India, Triveni Turbine, Can Fin Homes and Rainbow Children can potentially rally up to 27% from here, suggest technical charts.
Apollo Hospitals, Vijaya Diagnostic and Narayana Hrudayalaya have given a fresh breakout on the daily scale. Charts show that these 5 healthcare related shares can rally up to 11 per cent.
Shares of Rainbow Children's Medicare hit a new high of Rs 884 on Thursday; rallied 25 per cent in five days after the company delivered robust operational and financial performance for Q2FY23.
Stock end at Rs 450, Rs 92 below issue price of Rs 542 a share
The stock listed at Rs 506, a 7% discount when compared with its issue price of Rs 542 per share on the BSE.
Analysts have flagged concerns around increased competition from bigger hospital players, and the inability to sustain profitability levels.
The IPO of eMudhra consists of fresh issuance of equity shares worth Rs 200 crore and an OFS of 85.1 lakh shares by promoters and existing shareholders, draft papers showed