Penny stock jumped 16 percent in the day’s trade after the company announced that it is going to set up a new 150 bed multispeciality hospital and it has acquired a 50 bed multispeciality hospital that provides comprehensive hospital services on a cost effective basis.
At 1:12 p.m the shares of Aatmaj Healthcare Limited were trading at Rs. 49.95 up 14.43 percent from its previous day close price of Rs. 43.65 and its market capitalization is Rs. 122 Crores.
As per the company’s filing, Aatmaj Healthcare Limited has announced that it is going to set up a new unit of 150 beds multispeciality hospital in the name of JTP Sardar Patel Hospitals which will be operational in the name of a unit of Aatmaj Healthcare Limited.
In addition to this, Aatmaj Healthcare Limited has acquired a 50 beds multispeciality hospital namely Jambusar General Hospital and which will be operational in the name of a unit of Aatmaj Healthcare Limited.
The company’s revenue grew 24.53 percent from Rs. 21.81 Crores in FY22 to Rs. 27.16 Crores in FY23, accompanied by increasing profits of Rs. 5.05 Crore to Rs. 5.91 Crore.
It has reported a return on equity (ROE) of 52.62 percent and a return on capital employed (ROCE) 46.63 percent, it is making good returns on its equity and capital employed.
Aatmaj Healthcare Limited provides high-quality, comprehensive hospital services on a cost effective basis. The principal activities of the Company include operation of multidisciplinary private hospitals and clinics.
Written by: Bharath K.S
