{"id":107275,"date":"2023-08-17T12:58:33","date_gmt":"2023-08-17T07:28:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107275"},"modified":"2023-08-17T13:46:43","modified_gmt":"2023-08-17T08:16:43","slug":"healthcare-stock-jumps-up-to-10-after-company-announced-a-665-crore-expansion","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/healthcare-stock-jumps-up-to-10-after-company-announced-a-665-crore-expansion\/","title":{"rendered":"Healthcare stock jumps up to 10% after company announced a \u20b9 665 Crore Expansion"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3944915554\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This Healthcare Services Stock rose 10% in the first hour of market open on Thursday after the promoter entity released information on huge capex plans shortly after markets opened on Thursday. The stock has been on an uptrend since Q4 FY23 and is currently 6% away from the 52 week high. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1773027603\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stock has seen consistent volume averages over weeks and months but today saw ~5x weekly average volume.\u00a0\u00a0<\/p><p>According to Dr Agarwal\u2019s Eye Hospital\u2019s (\u201cDAH\u201d) exchange filing, it has raised USD ~80 million or Rs. ~665 crores for major capex plans from their existing investors Temasek and TPG Growth. The plan is to expand its centers from 150+ currently to 300+ within the next 3 years. The plan also involves expanding geographic presence in Tier 2 and Tier 3 cities in existing states and also expanding into new states. <\/p><p>Along with the expansion of the network, the company will also be investing in technological advancements for vision\u00a0 diseases such as Diabetic Retinopathy and Age-related macular degeneration.\u00a0\u00a0\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2483261725\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The stock has a market cap of Rs. ~881 crores and is a multibagger, returning ~140% in a 1 year period, which means if you invested Rs. ~1 lakh into it around a year ago, it would have currently been worth Rs. ~2.4 lakh!. This stock has further return opportunities, indicated by its much lower P\/E of 21.59 vs industry average of 34.52 and high ROE of 38.6%.<\/p><p>Dr. Agarwal\u2019s Group of Eye Hospitals started as a single facility in Chennai in 1957. The group is led by Chairman Prof. (Dr.) Amar Agarwal. He is a pioneer in the field of eyecare, known for several ground breaking surgical innovations such as Glued IOL, PDEK and PhakoNit. <\/p><p>Dr. Agarwal\u2019s Eye Hospitals now has a total network presence of 151 centers (140 hospitals and 11 eye clinics) spread across India and Africa. The Group\u2019s presence spans 10 countries and over 14 states in India. Its facilities are staffed by a team of over 500 ophthalmologists and 3500 employees<\/p><p><strong>Written by Sandeep R<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1539147729\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This Healthcare Services Stock rose 10% in the first hour of market open on Thursday after the promoter entity released information on huge capex plans shortly after markets opened on Thursday. The stock has been on an uptrend since Q4 FY23 and is currently 6% away from the 52 week high. The stock has seen [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-107275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Healthcare stock jumps up to 10% after company announced a \u20b9 665 Crore Expansion - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This Healthcare Services Stock rose 10% in the first hour of market open on Thursday after the promoter entity released information on huge capex plans shortly after markets opened on Thursday. 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